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 inflammatory disorders. Its structure is often modified to develop potential drug candidates that interact with specific receptors or enzymes in the body. Additionally, it is explored for its potential in creating novel compounds with anti-anxiety, anti-inflammatory, or sedative properties. Researchers also study its derivatives to understand their pharmacokinetics and pharmacodynamics, aiming to optimize therapeutic efficacy and reduce side effects.