This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structure is often incorporated into the development of potential therapeutic agents due to its ability to interact with specific receptors in the brain. Additionally, it is explored in the creation of novel anti-inflammatory and analgesic drugs, leveraging its unique chemical framework to enhance efficacy and reduce side effects. Researchers also investigate its role in designing compounds with potential anticancer properties, as its structural features may contribute to inhibiting specific pathways involved in tumor growth.