This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Researchers leverage its unique structure to develop potential therapeutic agents, such as inhibitors for specific enzymes or receptors involved in brain function. Additionally, it is explored in the design of novel compounds for treating conditions like depression, anxiety, and neurodegenerative diseases. Its versatility also makes it valuable in organic synthesis for creating complex heterocyclic compounds with potential medicinal applications.