This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting neurological disorders, such as depression and anxiety, due to its structural compatibility with receptors in the central nervous system. Additionally, it is employed in the study of enzyme inhibition, aiding in the development of therapies for conditions like inflammation and cancer. Its role in medicinal chemistry underscores its importance in advancing therapeutic innovations.