This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of pharmaceuticals. It plays a significant role in the development of drugs targeting the central nervous system, particularly for conditions such as anxiety, depression, and other neurological disorders. Its structure is advantageous in creating molecules that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is employed in research settings to study the biochemical pathways and mechanisms of action of potential drug candidates, aiding in the discovery of novel treatments.