This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structural features make it a valuable scaffold for developing compounds with potential antipsychotic or neuroleptic properties. Researchers focus on modifying its core structure to enhance binding affinity and selectivity for specific receptors, such as dopamine or serotonin receptors, which are implicated in mental health conditions. Additionally, it is explored for its potential anti-inflammatory and antimicrobial activities, contributing to the development of novel therapeutic agents. Its applications are largely confined to laboratory settings, where it aids in the discovery and optimization of new drug candidates.