This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable for developing compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders. Researchers have explored its use in creating modulators for specific receptors or enzymes involved in brain function, which could lead to treatments for conditions like anxiety, depression, or cognitive impairments. Additionally, its scaffold is of interest in the development of novel pharmaceuticals due to its ability to enhance drug-like properties, such as bioavailability and metabolic stability.