This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its structure is often leveraged in the development of compounds that interact with neurotransmitter systems, potentially aiding in the treatment of conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it may be explored for its role in creating novel therapeutic agents due to its furan and amine functional groups, which are known to contribute to pharmacological activity. Researchers also investigate its potential in designing drugs with improved efficacy and selectivity for specific biological targets.