This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various therapeutic agents, particularly those targeting the central nervous system. Its structure is often explored for the development of drugs that may treat neurological disorders, such as depression, anxiety, or cognitive impairments. Additionally, it is investigated for its role in modulating specific receptors or enzymes in the body, which could lead to the discovery of novel treatments for complex diseases. Researchers also study its pharmacokinetic properties to optimize drug delivery and efficacy.