This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is often explored for its potential in developing therapeutic agents, particularly in the area of central nervous system (CNS) disorders. Researchers have investigated its role in modulating specific receptors or enzymes that are implicated in neurological conditions, such as anxiety, depression, and neurodegenerative diseases. Additionally, its structural framework makes it a valuable candidate for designing inhibitors targeting specific protein kinases, which are crucial in cancer research. Its applications extend to drug discovery programs, where it serves as a scaffold for optimizing pharmacokinetic and pharmacodynamic properties of new drug candidates.