This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can be incorporated into molecules designed to interact with specific receptors or enzymes. Additionally, it has shown potential in the creation of compounds with anti-inflammatory or analgesic properties, making it a versatile building block for drug discovery. Researchers also explore its use in designing novel therapeutic agents for conditions such as anxiety, depression, or neurodegenerative disorders due to its ability to modulate biological pathways effectively.