This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its structure makes it a valuable intermediate in the creation of compounds targeting neurological disorders, such as anxiety and depression, due to its potential interaction with neurotransmitter systems. Additionally, it is explored for its role in developing drugs that modulate receptor activity in the central nervous system. Its application extends to the study of enzyme inhibition, where it may serve as a scaffold for designing inhibitors of specific biological pathways. Researchers also investigate its use in improving the pharmacokinetic properties of drug candidates, enhancing their efficacy and safety profiles.