This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Researchers explore its potential in creating compounds that may act as anxiolytics, anticonvulsants, or antidepressants due to its structural properties. Additionally, it is investigated for its role in developing inhibitors for specific enzymes or receptors, which could lead to novel therapeutic agents. Its application is also seen in the study of heterocyclic chemistry, where it contributes to the design of new drug candidates with improved efficacy and safety profiles.