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 compounds targeting neurological disorders, including anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of novel molecules with potential therapeutic effects, such as anti-inflammatory and analgesic properties. Researchers also explore its use in the design of drugs aimed at treating cardiovascular diseases, leveraging its unique chemical framework to enhance drug efficacy and selectivity.