This compound is primarily utilized in pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structure is often incorporated into compounds designed to modulate specific receptors or enzymes in the brain, making it valuable for drug discovery efforts. Additionally, it is explored in the development of potential treatments for conditions such as depression, anxiety, and neurodegenerative diseases due to its ability to interact with central nervous system pathways.