This compound is primarily utilized in pharmaceutical research, particularly in the development of psychoactive drugs. It serves as a key intermediate in the synthesis of compounds that target the central nervous system, potentially aiding in the treatment of neurological disorders such as depression, anxiety, and schizophrenia. Its structural framework is also explored in the design of molecules that interact with serotonin receptors, which play a crucial role in mood regulation. Additionally, it is investigated for its potential application in creating novel therapeutic agents with improved efficacy and reduced side effects.