This compound is primarily utilized in the field of medicinal chemistry and pharmacological 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, including antidepressants, antipsychotics, and anxiolytics. Additionally, it is studied for its role in modulating neurotransmitter systems, such as dopamine and serotonin, making it valuable in the design of drugs for neurological and psychiatric disorders. Researchers also investigate its potential in creating novel compounds with improved efficacy and reduced side effects.