This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of various bioactive molecules. Its structural features make it a valuable building block for creating compounds with potential therapeutic applications, particularly in the development of central nervous system (CNS) drugs. It is also employed in organic synthesis to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry. Additionally, its derivatives may be investigated for their potential use in treating neurological disorders or as part of drug discovery programs targeting specific receptors or enzymes.