This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into compounds designed to modulate specific receptors or enzymes in the brain, making it valuable for creating potential treatments for conditions like anxiety, depression, and cognitive impairments. Additionally, its unique chemical properties make it a candidate for further exploration in drug discovery programs aimed at developing novel therapeutic agents.