This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of compounds targeting the central nervous system, where it can be modified to create potential therapeutic agents for neurological disorders. Additionally, it serves as a building block in the preparation of ligands for receptor studies, aiding in the understanding of biological pathways and drug-receptor interactions. Its versatility also extends to research in organic synthesis, where it is employed to explore novel chemical reactions and develop new methodologies.