This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into the design of potential drugs due to its ability to modulate specific receptors in the brain. Additionally, it is explored in the creation of novel compounds with potential anti-inflammatory or analgesic properties. Researchers also investigate its use in the development of prodrugs, where it aids in improving the bioavailability and stability of active pharmaceutical ingredients.