This compound is primarily used in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of potential therapeutic agents, particularly those targeting neurological disorders. Researchers utilize it to create analogs that may exhibit antidepressant, anxiolytic, or neuroprotective properties. Additionally, it has been explored in the design of compounds for studying enzyme inhibition, especially in pathways related to neurodegenerative diseases. Its structural framework is valuable for constructing complex molecules in drug discovery programs.