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. Its structure is often incorporated into the design of potential therapeutic agents due to its ability to interact with specific receptors or enzymes in the body. Additionally, it is explored for its potential use in creating novel compounds with anti-inflammatory, analgesic, or neuroprotective properties. Its versatility makes it a valuable building block in medicinal chemistry for developing new drug candidates.