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 structure is often incorporated into the development of drugs that modulate neurotransmitter systems, such as those involving dopamine or serotonin. Additionally, it has been explored for its potential in creating novel therapeutic agents for conditions like depression, anxiety, and cognitive impairments. Researchers also investigate its role in enhancing the pharmacokinetic properties of drug candidates, improving their stability and bioavailability.