This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate or building block in the synthesis of more complex molecules, particularly those targeting neurological disorders. Its structure is often explored for potential activity in modulating neurotransmitter systems, making it relevant in the development of drugs for conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it may be investigated for its pharmacological properties in preclinical studies, contributing to the discovery of novel therapeutic agents.