This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting the central nervous system. Its structural features make it valuable in the design of potential therapeutic agents for neurological disorders, such as anxiety, depression, and schizophrenia. Additionally, it is explored for its potential application in the development of receptor-specific drugs, aiding in the study of receptor-ligand interactions and drug efficacy. Its versatility in chemical modifications allows researchers to create derivatives with optimized pharmacological properties.