This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of biologically active molecules. It plays a significant role in the development of pharmaceutical agents, particularly those targeting central nervous system disorders. Its structure is often incorporated into drug candidates to enhance their pharmacokinetic properties, such as bioavailability and metabolic stability. Additionally, it is employed in research to explore novel therapeutic compounds, especially in the design of ligands for receptors or enzymes involved in neurological pathways. Its versatility makes it a valuable building block in organic synthesis for creating complex molecules with potential therapeutic applications.