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 central nervous system disorders. Researchers explore its potential in developing novel therapeutic agents due to its structural properties, which can interact with specific receptors or enzymes in the body. Additionally, it is studied for its role in creating compounds with anti-inflammatory, anti-cancer, or anti-microbial properties. Its versatility makes it a valuable component in drug discovery and development processes.