This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of compounds targeting neurological and psychiatric disorders, such as depression and anxiety. Its structural properties make it suitable for modifying and enhancing the efficacy of active pharmaceutical ingredients. Additionally, it is employed in the study of receptor-binding interactions, aiding in the understanding of biochemical pathways and the development of targeted therapies. Its application extends to the field of medicinal chemistry, where it is used to explore structure-activity relationships and optimize drug properties.