This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the production of compounds targeting central nervous system disorders, such as cognitive impairments and neurodegenerative diseases. Its structural features make it valuable for designing molecules with potential therapeutic effects on neurological pathways. Additionally, it is explored in the development of receptor modulators, particularly those interacting with neurotransmitter systems, to address conditions like anxiety, depression, and schizophrenia. Its application extends to preclinical studies, where it aids in understanding the pharmacokinetics and pharmacodynamics of new drug entities.