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 bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into compounds designed to interact with neurotransmitter systems, making it valuable for developing potential treatments for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is explored in the development of novel therapeutic agents due to its ability to modulate specific biological pathways. Its applications extend to academic and industrial research, where it aids in the discovery and optimization of new drug candidates.