This compound is primarily utilized in the field of medicinal chemistry and pharmacology as a key intermediate in the synthesis of various biologically active molecules. It is particularly significant in the development of therapeutic agents targeting the central nervous system (CNS). Researchers leverage its structural framework to design and optimize compounds that interact with specific receptors or enzymes in the brain, potentially leading to treatments for neurological disorders such as anxiety, depression, or cognitive impairments. Additionally, its derivatives are explored for their potential in modulating other physiological pathways, including cardiovascular and metabolic functions, making it a versatile building block in drug discovery efforts.