This compound is primarily utilized in the field of medicinal chemistry and pharmacological research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting serotonin receptors. Its structural features make it valuable for developing potential therapeutic agents for neurological and psychiatric disorders, such as depression, anxiety, and migraines. Additionally, it is explored in the design of compounds with potential anti-inflammatory and analgesic properties. Researchers also investigate its role in modulating neurotransmitter systems, contributing to advancements in understanding brain function and related diseases.