This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its structure makes it a valuable intermediate in the creation of compounds targeting neurological disorders, such as anxiety and depression, due to its potential interaction with neurotransmitter systems. Additionally, it has been explored for its role in developing drugs with anticonvulsant or sedative properties. Its application extends to organic chemistry, where it serves as a building block for complex molecules in medicinal chemistry projects. Researchers also investigate its potential in designing bioactive molecules with specific receptor-binding capabilities.