Used primarily as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports binding to specific neurological receptors, making it valuable in research focused on anxiolytic and anticonvulsant drug candidates. The compound's ability to modulate enzyme activity, such as phosphodiesterase inhibition, also contributes to its investigation in anti-inflammatory and neuroprotective therapies. Additionally, it serves as a building block in medicinal chemistry for optimizing lead compounds due to its favorable hydrogen bonding and aromatic interactions.