This compound is primarily utilized in 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 structure is valuable in designing compounds that interact with specific receptors in the brain, making it useful for studying and developing treatments for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is employed in medicinal chemistry for optimizing drug candidates, enhancing their efficacy, and improving pharmacokinetic properties.