This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. It serves as a key intermediate in the production of compounds that target the central nervous system, often explored for their potential in treating neurological disorders such as anxiety, depression, and schizophrenia. Its structural features make it a valuable building block for designing molecules that interact with specific neurotransmitter receptors, enhancing their efficacy and selectivity. Additionally, it is investigated for its role in developing drugs with improved pharmacokinetic properties, contributing to advancements in medicinal chemistry.