This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting neurological disorders, as it can be incorporated into molecules that interact with specific receptors in the brain. Additionally, it finds application in the production of compounds with potential anti-inflammatory and analgesic properties. Its versatility also extends to research settings, where it is used to study biochemical pathways and develop novel therapeutic agents.