This compound is primarily utilized in the field of medicinal chemistry and pharmacological research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often explored for the development of potential therapeutic agents, including antipsychotic and antidepressant drugs. Researchers focus on its ability to interact with specific receptors in the brain, making it valuable for studying and treating neurological disorders. Additionally, it is investigated for its potential role in modulating neurotransmitter activity, which could lead to advancements in managing conditions like schizophrenia, depression, and anxiety. Its application is also extended to the development of novel compounds with improved efficacy and reduced side effects in psychiatric treatments.