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 disorders. Its structure is often incorporated into compounds designed to interact with neurotransmitter systems, making it valuable in the development of potential drugs for conditions like depression, anxiety, and Parkinson’s disease. Additionally, it is used in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug mechanisms. Its versatility in organic synthesis also makes it a useful building block for developing novel therapeutic agents.