This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various biologically active molecules. It serves as a key intermediate in the production of compounds that target the central nervous system, including potential treatments for neurological disorders such as depression, anxiety, and Parkinson's disease. Its structural properties make it valuable for designing and optimizing drug candidates with enhanced efficacy and reduced side effects. Additionally, it is explored in the development of novel therapeutic agents due to its ability to interact with specific receptors in the brain.