This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can be incorporated into compounds designed to modulate neurotransmitter activity. Additionally, it finds application in the creation of potential therapeutic agents for treating psychiatric disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Researchers also explore its use in designing inhibitors for enzymes involved in disease pathways, making it a versatile building block in medicinal chemistry.