This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex molecules. It plays a crucial role in the development of pharmaceutical agents, particularly in the creation of compounds that target neurological disorders. Its structural framework is often incorporated into drug candidates due to its ability to interact with specific biological receptors, enhancing the therapeutic efficacy of the final product. Additionally, it is employed in research settings to explore new pathways for drug discovery, aiding in the identification of novel treatments for various diseases.