This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it a valuable building block for designing drugs that interact with neurotransmitter systems, such as dopamine and serotonin receptors. Additionally, it is explored for its potential in creating novel analgesics and anti-inflammatory agents due to its ability to modulate specific pathways involved in pain and inflammation. Researchers also investigate its use in developing treatments for neurodegenerative diseases, leveraging its potential to cross the blood-brain barrier and exert therapeutic effects in the central nervous system.