This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of compounds targeting central nervous system disorders, such as depression and anxiety, due to its structural similarity to molecules that interact with neurotransmitter systems. Additionally, it is explored in the development of anti-inflammatory and analgesic agents, leveraging its potential to modulate biological pathways involved in pain and inflammation. Its application extends to organic synthesis, where it is used to construct complex molecules for further pharmacological evaluation. Researchers also investigate its role in the design of enzyme inhibitors, which could lead to the discovery of new therapeutic agents for various diseases.