This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various biologically active molecules. It serves as a key intermediate in the production of drugs targeting central nervous system disorders, including anxiolytics and sedatives. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and antimicrobial properties. Its structural framework makes it valuable for designing novel therapeutic agents, especially in medicinal chemistry, where it contributes to the development of new drug candidates with improved efficacy and safety profiles.