This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of potential therapeutic agents, particularly in the design of compounds targeting neurological disorders. Its structural framework is often incorporated into molecules that exhibit activity as GABA receptor modulators, which are crucial for treating conditions like anxiety, epilepsy, and insomnia. Additionally, it is explored in the creation of anti-inflammatory and analgesic drugs due to its ability to interact with specific enzyme systems involved in pain and inflammation pathways. Researchers also investigate its derivatives for their potential anticancer properties, leveraging its core structure to design inhibitors of tumor growth.