This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds that target neurological pathways, making it valuable in the study of central nervous system disorders. Additionally, it is employed in the development of potential therapeutic agents for conditions such as depression, anxiety, and neurodegenerative diseases. Its structural properties make it useful in medicinal chemistry for designing and optimizing drug candidates with enhanced efficacy and selectivity.