This compound is primarily utilized in pharmacological research due to its potential as a bioactive molecule. It has been studied for its interactions with specific receptors in the central nervous system, making it a candidate for developing treatments for neurological disorders. Researchers explore its efficacy in modulating neurotransmitter activity, which could lead to applications in managing conditions like anxiety, depression, or cognitive impairments. Additionally, its structural properties make it a valuable intermediate in synthesizing more complex pharmaceutical agents.