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 pharmacologically active molecules, particularly those targeting neurological disorders. Its structural features make it valuable for developing compounds that interact with specific receptors in the brain, such as dopamine or serotonin receptors. Additionally, it is explored for its potential in creating novel antidepressants, antipsychotics, or other CNS-targeting drugs. Researchers also investigate its role in optimizing drug properties like bioavailability and metabolic stability. Its application extends to academic studies for understanding structure-activity relationships in drug design.