This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological disorders. It serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, such as those used in the treatment of Parkinson's disease and other neurodegenerative conditions. Additionally, it finds application in the development of antipsychotic medications, where its structural properties contribute to the efficacy of the final drug product. In research settings, it is employed in the study of receptor-ligand interactions, aiding in the discovery of novel therapeutic compounds. Its role in medicinal chemistry underscores its importance in advancing treatments for complex neurological and psychiatric conditions.