This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of potential therapeutic agents, particularly in the creation of compounds targeting central nervous system disorders. Its structure is often incorporated into the design of inhibitors for enzymes or receptors involved in neurological pathways. Additionally, it is employed in organic synthesis for the preparation of complex heterocyclic compounds, which are essential in drug discovery and development processes. Researchers also explore its use in the modification of peptides and other bioactive molecules to enhance their pharmacological properties.