This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is often incorporated into the development of potential therapeutic agents, particularly those targeting neurological disorders. Researchers explore its derivatives for their potential as inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it serves as a building block in the creation of complex organic compounds for drug discovery programs, contributing to the development of novel pharmaceuticals with improved efficacy and safety profiles.