This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its structural framework is often incorporated into the development of kinase inhibitors, which are crucial in cancer therapy and other disease treatments. Additionally, it is explored for its potential in designing compounds with anti-anxiety and antidepressant properties, owing to its interaction with specific neurotransmitter systems. Researchers also investigate its role in creating novel therapeutic agents for cardiovascular diseases due to its ability to modulate certain enzymatic pathways. Its versatility makes it a valuable building block in drug discovery and development processes.