This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its unique structure allows it to act as a building block for creating compounds with potential therapeutic effects, such as enzyme inhibitors or receptor modulators. Additionally, it is explored in research for its potential application in developing treatments for conditions like Alzheimer's disease, epilepsy, and chronic pain due to its ability to interact with specific biological pathways. Its role in organic synthesis also extends to the creation of novel heterocyclic compounds, which are valuable in pharmaceutical and agrochemical industries.