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 biologically active molecules, particularly those targeting neurological disorders. Its structural features make it valuable for developing compounds that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like Parkinson's disease or depression. Additionally, it is employed in the study of enzyme inhibition and as a building block for creating novel drug candidates with enhanced efficacy and reduced side effects.