This compound is primarily utilized in pharmaceutical research and development due to its potential biological activities. It serves as a key intermediate or scaffold in the synthesis of various drug candidates, particularly those targeting neurological disorders and inflammatory conditions. Its structure is often explored for its ability to interact with specific enzymes or receptors, making it valuable in the design of novel therapeutic agents. Additionally, it is studied for its potential applications in medicinal chemistry, where it may contribute to the development of treatments for conditions such as anxiety, depression, or chronic pain. Its versatility in chemical modifications also allows researchers to optimize its properties for enhanced efficacy and selectivity in drug discovery.