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 create compounds that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it may be explored for its potential in developing antihistamines or other therapeutic agents due to its unique chemical framework. Researchers also investigate its role in modulating enzyme activity, which could lead to advancements in drug discovery for a range of medical applications.