This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting neurological disorders due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and antimicrobial properties. Researchers also explore its use in designing molecules for cancer therapy, leveraging its unique chemical framework to enhance drug efficacy and selectivity.