This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into the development of potential therapeutic agents that interact with specific receptors in the brain, such as dopamine or serotonin receptors. Additionally, it is explored for its potential in creating novel compounds with anti-inflammatory or analgesic properties. Researchers also investigate its role in optimizing drug-like properties, such as bioavailability and metabolic stability, to enhance the efficacy of drug candidates.