This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of compounds targeting the central nervous system. Its structure allows for modifications that can lead to the creation of potential therapeutic agents, such as antidepressants or antipsychotics. Additionally, it is used in the study of receptor-binding activities, aiding in the understanding of neurological pathways and drug interactions. Researchers also explore its potential in designing novel compounds for treating neurodegenerative diseases.