This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzyme systems or receptors. Its structure is often explored for potential applications in designing drugs for central nervous system disorders, due to its ability to interact with neurotransmitter pathways. Additionally, it is studied for its potential anti-inflammatory and analgesic properties, making it a candidate for developing new therapeutic agents. Researchers also investigate its role in modulating protein-protein interactions, which could lead to advancements in treating complex diseases like cancer.