This compound is primarily utilized in pharmaceutical research and development due to its unique structural properties, which make it a valuable scaffold in drug discovery. It is often employed as a building block in the synthesis of biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its framework is conducive to creating compounds that interact with receptors in the central nervous system, potentially leading to treatments for conditions such as anxiety, depression, and cognitive impairments. Additionally, it is explored in the development of novel antimicrobial agents, leveraging its ability to disrupt bacterial or fungal cellular processes. Its versatility in chemical modifications allows researchers to optimize its properties for specific therapeutic applications.