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 the central nervous system. Its structural framework is often incorporated into the design of potential therapeutic agents, such as antidepressants, anxiolytics, and antipsychotics, due to its ability to interact with specific neurotransmitter receptors. Additionally, it is explored for its potential in developing novel treatments for neurological disorders, including Parkinson's disease and schizophrenia. Researchers also investigate its role in enhancing the pharmacokinetic properties of drug candidates, such as improving bioavailability and stability.