This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often explored for the development of compounds with potential therapeutic effects on conditions such as anxiety, depression, and cognitive impairments. Additionally, it is studied for its potential role in modulating specific receptors or enzymes in the central nervous system, making it a valuable candidate for drug discovery and development efforts. Researchers also investigate its derivatives to optimize pharmacokinetic properties and enhance efficacy in preclinical studies.