Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as epilepsy and anxiety, due to its ability to interact with specific receptors in the brain. Additionally, it is explored for its potential in creating anti-inflammatory and analgesic agents, offering a pathway for new therapeutic options. The compound's versatility also extends to its use in organic synthesis, where it acts as a building block for more complex chemical entities, aiding in the discovery of novel compounds with potential medicinal benefits.