This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. It serves as a key intermediate in the production of compounds targeting the central nervous system, such as those designed to modulate neurotransmitter activity. Its structural features make it valuable for creating molecules with potential applications in treating neurological disorders, including anxiety, depression, and cognitive impairments. Additionally, it may be explored in the development of receptor-specific ligands for studying biochemical pathways and drug discovery processes.