This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the development of potential drugs that interact with specific receptors in the brain, such as dopamine or serotonin receptors. Additionally, it is explored for its role in the creation of compounds with potential anti-inflammatory or analgesic properties. Researchers also investigate its use in designing novel therapeutic agents for conditions like schizophrenia, depression, and chronic pain. Its unique chemical framework allows for modifications to enhance efficacy, selectivity, and bioavailability in drug development pipelines.