This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting neurological disorders, owing to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and antimicrobial properties. Researchers also explore its use in designing novel drugs for treating conditions like anxiety, insomnia, and other central nervous system-related ailments. Its versatility makes it a significant component in drug discovery and development processes.