This compound is primarily utilized in pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of central nervous system (CNS) drugs, particularly those targeting neurological disorders such as depression, anxiety, and Parkinson's disease. Its structural features make it valuable for modulating receptor activity, especially in the design of selective serotonin reuptake inhibitors (SSRIs) and dopamine agonists. Additionally, it is explored in the creation of novel compounds for pain management and cognitive enhancement therapies. Its versatility in medicinal chemistry underscores its importance in advancing drug discovery and therapeutic innovation.