This chemical is primarily used in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting central nervous system disorders. Its structure allows for the development of potential therapeutic agents, including inhibitors for specific enzymes or receptors involved in neurological conditions. Additionally, it is explored in the creation of novel anti-inflammatory and analgesic drugs due to its ability to modulate certain biochemical pathways. Researchers also utilize it in the design of fluorescent probes for imaging and diagnostic applications, leveraging its unique chemical properties.