This compound is primarily utilized in organic synthesis as a key intermediate in the production of various biologically active molecules. It serves as a building block for the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects on the central nervous system. Its structure is valuable in constructing complex heterocyclic frameworks, which are often found in drugs targeting neurological disorders. Additionally, it is employed in research settings to explore new chemical reactions and pathways, aiding in the discovery of novel medicinal agents. Its versatility makes it a useful tool in the field of medicinal chemistry and drug development.