This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of pharmaceuticals, particularly in the creation of compounds targeting central nervous system disorders. Its structural features make it a valuable building block for designing drugs with potential therapeutic effects, such as antipsychotics or antidepressants. Additionally, it is often employed in research to explore novel drug candidates and optimize their pharmacological properties.