This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmacologically active molecules. It plays a crucial role in the development of compounds targeting central nervous system disorders, including potential treatments for depression and anxiety. Additionally, it is employed in the creation of inhibitors for specific enzymes, which can be relevant in cancer research and therapy. Its structural features make it a valuable building block in organic synthesis, particularly for constructing complex molecules with potential therapeutic applications.