This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often explored for the development of potential therapeutic agents, such as antidepressants, antipsychotics, or anxiolytics, due to its ability to interact with neurotransmitter receptors. Additionally, it is studied for its role in modulating specific pathways related to neurological disorders. Researchers also investigate its potential in creating novel compounds with improved efficacy and reduced side effects for treating mental health conditions.