This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate or active ingredient in the development of therapeutic agents, particularly those targeting neurological disorders. Its unique structure allows it to interact with specific receptors in the brain, making it a potential candidate for treating conditions such as anxiety, depression, and other central nervous system-related ailments. Additionally, it is studied for its potential anti-inflammatory and analgesic properties, which could lead to its use in managing chronic pain or inflammatory diseases. Researchers also explore its application in designing novel drugs with improved efficacy and reduced side effects.