This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules. Its structural features make it valuable in the design and production of compounds targeting central nervous system disorders, including potential treatments for depression, anxiety, and other psychiatric conditions. Additionally, it is explored in the development of drugs with analgesic or anti-inflammatory properties. Its application extends to organic synthesis, where it is used to create complex molecular architectures for further pharmacological evaluation. Researchers also investigate its potential in modulating specific receptors or enzymes, contributing to the discovery of novel therapeutic agents.