This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is often incorporated into the development of compounds that target central nervous system disorders, including anxiety and depression. Additionally, it serves as a building block in the creation of potential therapeutic agents for cardiovascular diseases due to its ability to interact with specific receptors and enzymes. Researchers also explore its use in designing novel drugs with anti-inflammatory and analgesic properties, making it a versatile component in drug discovery and development.