This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into compounds designed to interact with specific receptors in the brain, potentially leading to the development of new therapeutic agents. Additionally, it is explored in organic chemistry for the creation of novel heterocyclic compounds, which are valuable in drug discovery and material science. Its applications extend to the study of enzyme inhibition and the modulation of biological pathways, making it a versatile tool in medicinal chemistry.