This compound is primarily utilized in pharmaceutical research, particularly in the development of central nervous system (CNS) therapeutics. It acts as a key intermediate in synthesizing molecules that target neurological disorders, such as anxiety, depression, and cognitive impairments. Its structural features make it suitable for modulating receptors or enzymes involved in neurotransmission. Additionally, it is explored for its potential in creating drugs that address neurodegenerative diseases like Alzheimer's. Researchers also investigate its role in enhancing the efficacy and selectivity of compounds designed to interact with specific biological pathways.