This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of bioactive molecules. It serves as a building block for developing potential therapeutic agents, particularly in the creation of compounds targeting neurological disorders. Its structural features make it valuable for designing molecules that interact with specific receptors or enzymes in the brain, offering potential applications in treating conditions like anxiety, depression, or cognitive impairments. Additionally, it may be explored in drug discovery programs for its potential role in modulating biological pathways related to psychiatric and neurodegenerative diseases.