This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds targeting the central nervous system, such as antipsychotics and antidepressants. Additionally, it serves as a building block in the creation of ligands for receptor studies, aiding in the understanding of neurological pathways and drug interactions. Its application extends to research in organic synthesis, where it is employed to develop novel molecules with potential therapeutic effects.