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 unique structure makes it valuable in the development of drugs targeting specific enzymes or receptors, particularly in the treatment of diseases related to the central nervous system. Researchers often explore its potential in creating novel therapeutic molecules due to its ability to interact with biological targets effectively. Additionally, it has been investigated for its role in the development of antiviral and anticancer agents, showcasing its versatility in drug discovery and development processes.