This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its structure is often leveraged to develop compounds that interact with receptors in the central nervous system, making it valuable for creating potential treatments for conditions like depression, anxiety, and cognitive impairments. Additionally, it is employed in organic synthesis to construct complex heterocyclic frameworks, which are essential in designing new drugs with improved efficacy and safety profiles.