This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of various therapeutic agents, including those targeting neurological and psychiatric disorders. Its structure is valuable in the design of drugs that interact with specific receptors or enzymes in the central nervous system. Additionally, it is explored for its potential in developing treatments for conditions such as anxiety, depression, and cognitive impairments. Its versatility in medicinal chemistry makes it a significant component in the discovery of novel drug candidates.