This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various biologically active molecules. It serves as a key intermediate in the production of compounds that target specific receptors or enzymes in the body, making it valuable in the creation of potential therapeutic agents. Its structure allows it to interact with diverse biological pathways, contributing to its use in the study of neurological and psychiatric disorders. Additionally, it is employed in the development of drugs that modulate serotonin and dopamine systems, which are critical in treating conditions like depression, anxiety, and schizophrenia. Its role in medicinal chemistry underscores its importance in advancing drug discovery and improving treatment options for complex diseases.