This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the design of potential drug candidates that interact with specific receptors in the brain, such as dopamine or serotonin receptors. Additionally, it has been explored in the development of compounds with potential anti-inflammatory and analgesic properties. Its versatility in drug design makes it a valuable building block for creating novel therapeutic agents.