This compound is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the design of drugs targeting neurological disorders, as it can interact with specific receptors in the brain. Additionally, it is employed in the creation of compounds that exhibit potential anti-inflammatory and anticancer properties. Researchers also explore its use in the development of novel therapeutic agents due to its unique chemical framework, which allows for further functionalization and optimization in drug discovery processes.