This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural similarity to certain biologically active molecules. It is often explored as a precursor or intermediate in the synthesis of more complex compounds, particularly those targeting the central nervous system. Researchers investigate its potential in developing drugs that interact with serotonin receptors, which could lead to treatments for psychiatric disorders such as depression, anxiety, or schizophrenia. Additionally, its framework is studied for its role in creating ligands for other neurological targets, contributing to advancements in neuropharmacology. Its applications are largely experimental, focusing on drug discovery and development processes.