This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structural features make it a valuable building block for designing compounds with potential therapeutic effects, such as antipsychotic or anxiolytic agents. Researchers often incorporate it into the development of small molecule inhibitors or modulators that interact with specific receptors or enzymes in the body. Additionally, it is explored in the creation of novel pharmaceuticals aimed at treating conditions like depression, anxiety, or neurodegenerative diseases. Its versatility in chemical reactions also makes it a useful tool in organic synthesis for creating complex molecular architectures.