This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of potential therapeutic agents. It serves as an intermediate in the creation of compounds that target central nervous system disorders, such as depression, anxiety, and neurodegenerative diseases. Its structure allows for modifications that can enhance binding affinity to specific receptors or enzymes, making it valuable for drug discovery. Additionally, it has been explored in the development of novel analgesics and anti-inflammatory agents, owing to its potential interaction with pain and inflammation pathways. Researchers also investigate its role in designing molecules with improved bioavailability and reduced side effects.