This compound is primarily utilized in the field of medicinal chemistry and pharmacological research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often leveraged in the development of compounds with potential therapeutic effects, such as dopamine receptor modulators, which are relevant in treating neurological disorders like Parkinson's disease and schizophrenia. Additionally, it is used in studies exploring the mechanisms of action of psychoactive substances, contributing to advancements in understanding brain chemistry and drug interactions.