This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its unique structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving dopamine receptors. It is also explored for its potential in creating anti-inflammatory and antimicrobial agents due to its heterocyclic framework, which can interact with biological targets effectively. Additionally, it finds application in research settings for studying enzyme inhibition and receptor binding mechanisms, aiding in the discovery of novel therapeutic compounds.