This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It plays a significant role in the development of drugs targeting neurological disorders, particularly those affecting the central nervous system. Researchers often employ it in the creation of compounds with potential antidepressant, anticonvulsant, or anxiolytic properties. Additionally, its structural framework is valuable in designing molecules for studying receptor interactions and enzyme inhibition, contributing to advancements in drug discovery and therapeutic applications.