This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into compounds designed to interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable in the development of potential treatments for conditions like depression, anxiety, and schizophrenia. Additionally, it is explored in the creation of inhibitors for enzymes involved in disease pathways, contributing to ongoing research in oncology and other therapeutic areas.