This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. It plays a crucial role in the development of compounds targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, aiding in the treatment of conditions such as depression, anxiety, and cognitive impairments. Additionally, it is explored in research for its potential applications in creating novel drugs with improved efficacy and reduced side effects.