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 the central nervous system. Its structural properties make it valuable for developing compounds with potential therapeutic effects, such as antipsychotic or antidepressant agents. Additionally, it is employed in the design of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug mechanisms. Its application extends to the optimization of drug candidates for improved efficacy and safety profiles.