This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It is particularly significant in the development of drugs targeting the central nervous system, where it serves as a building block for molecules that interact with specific receptors or enzymes. Additionally, it is employed in the creation of compounds with potential therapeutic applications in treating neurological disorders or mood-related conditions. Its structural properties make it a valuable component in the design of bioactive molecules with enhanced efficacy and selectivity.