This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules that target specific biological pathways, often in the context of central nervous system disorders. Its structural features make it valuable for designing inhibitors or modulators of enzymes and receptors involved in neurological and psychiatric conditions. Additionally, it may be explored in the development of treatments for cardiovascular diseases due to its potential interaction with relevant biological targets. Researchers also investigate its use in creating compounds with anti-inflammatory or antimicrobial properties, expanding its applicability in diverse therapeutic areas.