This compound is primarily utilized in the field of 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 designing drugs for conditions such as depression, anxiety, and other psychiatric illnesses due to its ability to interact with specific neurotransmitter systems. Additionally, it serves as a key building block in the development of small molecule inhibitors for various biological targets, contributing to advancements in medicinal chemistry. Its applications are also being investigated in the study of neurodegenerative diseases, where it may play a role in modulating protein interactions or enzymatic activity.