This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into compounds designed to modulate specific receptors or enzymes in the brain, making it valuable for research into treatments for conditions such as anxiety, depression, and schizophrenia. Additionally, its unique chemical framework allows for further functionalization, enabling the creation of diverse derivatives for pharmacological screening and optimization.