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 neurological and inflammatory disorders. Its structure is often incorporated into the development of small molecule inhibitors and modulators for specific enzymes or receptors, making it valuable in drug discovery pipelines. Additionally, it has shown potential in the design of compounds for treating conditions like anxiety, depression, and chronic pain due to its interaction with certain neurotransmitter systems. Researchers also explore its derivatives for their potential antimicrobial and anticancer properties, further expanding its applications in therapeutic development.