This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting the central nervous system. Its structural features make it a valuable building block for developing compounds with potential therapeutic effects, such as antipsychotics, antidepressants, or anxiolytics. Researchers also explore its derivatives for their binding affinity to specific receptors, aiding in the discovery of new drugs for neurological and psychiatric disorders. Additionally, it may be employed in biochemical studies to understand the mechanisms of drug-receptor interactions.