This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceuticals. Its unique structure makes it valuable for developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders. Researchers often explore its derivatives for their activity as ligands for specific receptors in the brain, which could lead to the development of drugs targeting conditions such as anxiety, depression, or epilepsy. Additionally, its framework is studied for its potential use in creating novel analgesics or anti-inflammatory agents, contributing to advancements in pain management and related medical fields.