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 potential drugs that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Additionally, it is used in the preparation of compounds for studying enzyme inhibition and modulation, aiding in the discovery of new therapeutic agents. Its versatility makes it valuable in the design and optimization of drug candidates with improved efficacy and safety profiles.