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 interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable in the development of potential treatments for conditions like depression, anxiety, and schizophrenia. Additionally, it is used in research to study the structure-activity relationships of pharmaceutical agents, aiding in the optimization of drug efficacy and selectivity. Its versatility also extends to the development of novel therapeutic agents for other diseases, including cancer and inflammatory disorders.