This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules that target central nervous system disorders, such as depression, anxiety, and neurodegenerative diseases. Its structure allows for modification and optimization to enhance binding affinity to specific receptors or enzymes. Additionally, it is explored in medicinal chemistry for its potential in developing treatments for chronic pain and inflammation due to its interaction with certain biological pathways. Researchers also investigate its role in the development of radiopharmaceuticals for diagnostic imaging.