This compound is utilized in the synthesis of various pharmaceutical agents, particularly those targeting the central nervous system. It serves as a key intermediate in the production of compounds with potential antipsychotic and antidepressant properties. Additionally, it is used in the development of drugs that modulate neurotransmitter activity, aiding in the treatment of neurological disorders. Its structural properties make it valuable in organic synthesis, enabling the creation of complex molecules with specific biological activities. In research, it is employed to study receptor interactions and to design new therapeutic agents with improved efficacy and safety profiles.