This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, including potential treatments for depression, anxiety, and other central nervous system conditions. Additionally, it serves as a building block in the creation of inhibitors for specific enzymes, which can be explored for therapeutic applications in diseases like cancer or inflammatory disorders. Its versatility in organic synthesis also makes it a useful component in the design of novel drug candidates with improved efficacy and safety profiles.