This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its structure makes it a valuable intermediate in the creation of compounds targeting neurological disorders, such as depression, anxiety, and neurodegenerative diseases. Additionally, it is explored for its potential role in modulating specific receptors or enzymes in the central nervous system, contributing to the development of drugs with improved efficacy and safety profiles. Researchers also investigate its use in organic synthesis for constructing complex molecules with potential biological activity.