This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of pharmaceuticals targeting neurological disorders, particularly those involving dopamine receptor modulation. Its structural features make it a valuable building block for creating molecules with potential antipsychotic or antidepressant properties. Additionally, it is explored in research for designing ligands that interact with specific receptors in the central nervous system, aiding in the study of neurodegenerative diseases. Its application extends to organic synthesis, where it serves as a precursor for complex molecules in drug discovery and development pipelines.