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 bioactive molecules, particularly those targeting neurological disorders. Its structural features make it a valuable scaffold for developing compounds that interact with specific receptors in the brain, such as those involved in mood regulation and cognitive function. Researchers often explore its derivatives for potential therapeutic applications, including the treatment of depression, anxiety, and other central nervous system-related conditions. Additionally, its unique chemical properties are leveraged in drug discovery programs to optimize pharmacokinetics and enhance binding affinity to biological targets.