This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its structural framework is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, owing to its ability to interact with specific receptors in the brain. Researchers have explored its use in creating molecules that may exhibit antidepressant, anxiolytic, or antipsychotic properties. Additionally, its unique heterocyclic structure makes it a candidate for further modification in drug discovery programs aimed at identifying novel treatments for diseases such as Parkinson's and Alzheimer's. The compound's versatility also extends to its potential application in the development of enzyme inhibitors, which could be useful in treating certain types of cancers or metabolic disorders.