This compound is primarily utilized in the field of medicinal chemistry for its potential pharmacological properties. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting the central nervous system. Its structural framework is often explored in the development of compounds with analgesic, anti-inflammatory, or neuroprotective effects. Additionally, it has been investigated for its role in modulating neurotransmitter systems, making it relevant in the study of neurological disorders such as Parkinson’s disease and depression. Researchers also explore its derivatives for potential use in drug discovery programs aimed at treating addiction or other psychiatric conditions.