This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Researchers often employ it in the creation of potential drugs for conditions such as anxiety, depression, and insomnia. Additionally, it serves as a building block in the design of molecules with potential anti-inflammatory and analgesic properties. Its versatility in chemical reactions makes it a crucial component in the discovery and optimization of new therapeutic candidates.