This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structural framework is particularly valuable in the development of compounds that exhibit biological activity, such as inhibitors for specific enzymes or receptors. Researchers often explore its potential in creating new drugs targeting neurological disorders, given its ability to interact with certain neurotransmitter systems. Additionally, it serves as a building block in organic synthesis, enabling the construction of more complex molecules with potential therapeutic applications. Its versatility and reactivity make it a valuable tool in drug discovery and development processes.