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 biologically active molecules, particularly those targeting neurological disorders. Its structural features make it suitable for the development of ligands that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often employ it in the design and optimization of drugs aimed at treating conditions like depression, anxiety, or Parkinson's disease. Additionally, its fluorobenzyl group enhances binding affinity and selectivity, making it a valuable component in the creation of potential therapeutic agents.