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 the central nervous system. Its structural framework is often incorporated into the development of potential therapeutic agents, including antipsychotics and antidepressants. Additionally, it is explored for its role in modulating specific receptors or enzymes, making it valuable in drug discovery and optimization processes. Researchers also investigate its potential in creating novel compounds with improved efficacy and reduced side effects for treating neurological disorders.