This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various therapeutic agents, particularly those targeting neurological and psychiatric disorders. Its structure is often explored for its affinity to specific receptors in the brain, making it valuable in the design of drugs for conditions such as anxiety, depression, or cognitive impairments. Additionally, it is studied for its potential role in modulating neurotransmitter systems, which could lead to the development of novel treatments for neurodegenerative diseases. Researchers also investigate its use in creating analogs with improved efficacy and reduced side effects, contributing to advancements in medicinal chemistry.