This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, including potential treatments for anxiety, insomnia, and other neurological disorders. Additionally, it serves as a building block in the creation of compounds with anti-inflammatory and antimicrobial properties. Researchers also explore its use in designing ligands for specific receptors, aiding in the study of biochemical pathways and drug discovery processes. Its versatility makes it a significant component in the development of novel therapeutic agents.