This compound is primarily utilized in pharmaceutical research and development, particularly in the study of central nervous system (CNS) disorders. It acts as a key intermediate in the synthesis of bioactive molecules that target specific receptors in the brain, such as dopamine or serotonin receptors. Its structural features make it valuable for designing drugs aimed at treating conditions like depression, anxiety, and Parkinson's disease. Additionally, it is explored in medicinal chemistry for its potential to enhance the selectivity and efficacy of therapeutic agents, contributing to the development of novel treatments with fewer side effects.