This compound is primarily utilized in the development of pharmaceutical agents, particularly in the research and synthesis of therapeutic drugs. It serves as a key intermediate in the creation of compounds targeting central nervous system disorders, such as antipsychotics and antidepressants. Its structural features make it valuable for modulating receptor activity, especially in the design of molecules that interact with dopamine or serotonin receptors. Additionally, it is explored in oncology research for its potential role in developing inhibitors targeting specific enzymes or proteins involved in cancer progression. Its versatility in medicinal chemistry underscores its importance in drug discovery and development pipelines.