Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds targeting central nervous system disorders, including potential treatments for anxiety, depression, and neurodegenerative diseases. Additionally, it is explored for its role in creating inhibitors for specific enzymes involved in cellular signaling pathways, which could lead to novel therapies for cancer and inflammatory conditions. Its application in medicinal chemistry highlights its potential in drug discovery and development processes.