This compound is utilized in pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can be incorporated into compounds designed to treat neurological disorders such as anxiety, depression, and epilepsy. Additionally, it serves as a building block in the creation of ligands for receptors like GABA-A, which play a crucial role in modulating neuronal excitability. Its versatility also extends to the field of medicinal chemistry, where it is employed in the design of small molecules with potential therapeutic applications in oncology and inflammation.