This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of pharmaceutical agents. It serves as a key intermediate in the synthesis of various bioactive molecules, especially those targeting the central nervous system. Its structural features make it valuable for designing compounds with potential therapeutic effects on neurological disorders, such as depression, anxiety, and cognitive impairments. Additionally, it is explored in the creation of novel drugs that modulate specific receptors or enzymes in the brain, contributing to advancements in neuropharmacology. Its application extends to research settings, where it aids in understanding biochemical pathways and drug-receptor interactions.