This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceutical agents. It serves as an intermediate in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, making it valuable in the creation of potential treatments for conditions such as anxiety, depression, and chronic pain. Additionally, it is explored in research for its potential application in designing enzyme inhibitors, which can be crucial in the treatment of diseases like cancer or inflammatory disorders.