This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, owing to its ability to interact with specific receptors in the brain. Additionally, it has shown potential in the creation of anti-inflammatory and analgesic agents, making it a versatile component in medicinal chemistry research. Its applications also extend to the field of organic synthesis, where it is used to construct complex heterocyclic frameworks for further chemical modifications.