This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its potential biological activity. It is often investigated for its role as a precursor or intermediate in the synthesis of more complex molecules, particularly those targeting neurological or psychiatric disorders. Researchers explore its application in developing ligands for receptors in the central nervous system, which could lead to new treatments for conditions like depression, anxiety, or neurodegenerative diseases. Additionally, its structural properties make it a candidate for studying structure-activity relationships (SAR) to optimize drug efficacy and selectivity.