This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting the central nervous system. Its structure is often incorporated into molecules designed to interact with neurotransmitter receptors, making it valuable in the development of drugs for neurological and psychiatric disorders. Additionally, it is explored for its potential in creating analgesics and anti-inflammatory medications due to its ability to modulate specific biochemical pathways. Its application extends to research settings, where it is used to study receptor-ligand interactions and drug efficacy.