This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It serves as a building block for the development of compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders. Its structural framework is often incorporated into molecules that exhibit biological activities such as anti-inflammatory, anti-cancer, or anti-depressant properties. Additionally, it is explored in research for its role in creating novel heterocyclic compounds, which are valuable in drug discovery due to their diverse pharmacological effects.