This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various therapeutic agents, particularly those targeting neurological disorders and inflammatory conditions. Its structure allows it to interact with specific receptors or enzymes, making it valuable in the design of drugs for conditions like anxiety, depression, or chronic pain. Additionally, it is explored in the development of small-molecule inhibitors for use in oncology research. Its versatility in medicinal chemistry makes it a significant compound for advancing drug discovery efforts.