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 psychiatric disorders. Its structure is often leveraged to develop compounds that interact with specific receptors in the brain, such as GABA receptors, which are crucial for modulating neural activity. Additionally, it is used in the development of potential therapeutic agents for conditions like anxiety, insomnia, and epilepsy. Its versatility in chemical reactions also makes it valuable for creating diverse derivatives for drug discovery and optimization studies.