This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, as it can be incorporated into molecules designed to interact with specific neural receptors. Additionally, it finds application in the creation of compounds with potential anti-inflammatory and antimicrobial properties. Researchers also explore its use in the development of fluorescent probes for biological imaging, leveraging its unique chemical framework to enhance detection sensitivity in cellular studies.