This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of pharmaceutical agents. It plays a significant role in the development of drugs targeting central nervous system disorders, particularly those involving serotonin and dopamine receptors. Its structural features make it valuable for designing molecules with potential antipsychotic or antidepressant properties. Additionally, it is explored in research for its potential application in creating compounds with anti-inflammatory or analgesic effects. The compound’s versatility in chemical modifications allows it to be a building block for optimizing drug candidates with improved efficacy and safety profiles.