This compound is primarily used in pharmaceutical research as an intermediate in the synthesis of more complex molecules. It plays a role in the development of drugs targeting neurological disorders, particularly those involving serotonin receptors. Its structure allows it to act as a building block for creating compounds that modulate neurotransmitter activity, potentially aiding in the treatment of conditions like depression, anxiety, and migraines. Additionally, it is utilized in organic chemistry studies to explore novel reactions and pathways, contributing to advancements in medicinal chemistry and drug discovery.