This compound is primarily used in pharmaceutical research as a key intermediate in the synthesis of various therapeutic agents. Its unique structure makes it valuable in the development of drugs targeting the central nervous system, particularly for conditions like depression, anxiety, and neurological disorders. Researchers utilize it to explore its potential as a serotonin receptor modulator, which plays a critical role in mood regulation and cognitive functions. Additionally, it is employed in medicinal chemistry to study its pharmacokinetic properties and optimize drug efficacy and safety profiles. Its application extends to the discovery of novel compounds with potential antipsychotic or antidepressant effects, contributing to advancements in mental health treatments.