This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure is often incorporated into the design of small-molecule drugs that interact with specific receptors or enzymes in the body. Additionally, it is explored in the creation of novel compounds for potential use in treating conditions like depression, anxiety, and chronic pain. Its versatility in chemical reactions makes it a valuable building block in medicinal chemistry.