This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of complex pharmaceutical agents, particularly those targeting neurological disorders. Its unique structure allows it to act as a precursor in the creation of molecules that modulate specific receptors or enzymes in the brain, potentially offering therapeutic benefits for conditions such as anxiety, depression, or neurodegenerative diseases. Additionally, it is explored in research for its potential to enhance drug delivery systems, improving the bioavailability and efficacy of active pharmaceutical ingredients. Its application is also seen in the development of novel compounds for studying biochemical pathways and interactions at the molecular level.