This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceuticals targeting central nervous system disorders, including anxiety and depression. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and anti-cancer properties. Researchers also explore its use in designing novel therapeutic agents due to its ability to interact with specific enzyme systems, making it a versatile component in drug discovery and development.