This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its potential as a bioactive molecule. It is often investigated for its role in the development of central nervous system (CNS) drugs, particularly as a selective ligand for specific receptors or enzymes involved in neurological disorders. Its structural features make it a candidate for modulating neurotransmitter systems, which could be beneficial in treating conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it may serve as a key intermediate in the synthesis of more complex pharmaceutical compounds, contributing to advancements in drug discovery and therapeutic applications.