This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structural features make it valuable for developing potential therapeutic agents, including those for neurological disorders such as depression, anxiety, and Parkinson's disease. Additionally, it is explored for its role in modulating neurotransmitter systems, which can aid in the design of novel drugs with improved efficacy and reduced side effects. Researchers also investigate its application in creating compounds with potential analgesic or anti-inflammatory properties.