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 allows it to interact with specific receptors or enzymes, making it valuable in the development of drugs for neurological disorders such as depression, anxiety, and cognitive impairments. Additionally, it has been explored for its potential use in the creation of novel therapeutic compounds due to its ability to modulate biological pathways effectively. Researchers also investigate its role in enhancing drug delivery systems, improving the bioavailability and efficacy of active pharmaceutical ingredients. Its versatility makes it a significant component in the design and optimization of new medications.