This compound is primarily utilized in pharmacological research due to its potential activity on the central nervous system. It is often studied for its interaction with specific receptors, such as serotonin and dopamine receptors, which are crucial in the treatment of neurological and psychiatric disorders. Researchers explore its use in developing medications for conditions like depression, anxiety, and schizophrenia. Additionally, it serves as a key intermediate in the synthesis of more complex pharmaceutical agents, contributing to advancements in drug discovery and development. Its structural properties make it a valuable candidate for optimizing therapeutic efficacy and minimizing side effects in CNS-targeted drugs.