This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, including anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it is explored in the creation of anti-inflammatory and analgesic agents, offering potential therapeutic benefits for conditions involving chronic pain or inflammation. Researchers also investigate its use in designing novel anticancer drugs, leveraging its unique chemical framework to inhibit tumor growth pathways. Its versatility makes it a significant component in drug discovery and development processes.