This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its unique structure makes it a valuable intermediate in the creation of compounds targeting central nervous system disorders. Researchers often explore its potential in developing drugs for conditions like depression, anxiety, and neurodegenerative diseases due to its ability to interact with specific receptors in the brain. Additionally, it has been investigated for its role in modulating serotonin and dopamine pathways, which are critical in mood regulation and cognitive function. Its application extends to preclinical studies, where it is used to evaluate efficacy and safety profiles of new drug candidates.