This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It is particularly significant in the development of drugs targeting central nervous system disorders, such as anxiety and depression, due to its structural compatibility with receptors in the brain. Additionally, it serves as a building block in the creation of compounds with potential anticancer properties, where it helps in inhibiting specific enzymes involved in tumor growth. Its versatility also extends to the design of novel antiviral medications, where it contributes to the enhancement of drug efficacy against viral pathogens.