This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It plays a significant role in the development of potential therapeutic agents, particularly in the design of compounds targeting central nervous system disorders. Its structure is often incorporated into ligands for receptors or enzymes involved in neurological pathways, making it valuable for research in drug discovery. Additionally, it may be explored for its potential applications in the development of anti-inflammatory or analgesic drugs due to its structural features that allow for interaction with specific biological targets.