This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It is often employed in the development of pharmaceuticals targeting neurological disorders, particularly those involving modulation of neurotransmitter systems. Its structural features make it a valuable building block for creating compounds with potential anti-inflammatory and antioxidant properties. Additionally, it is explored in research for designing novel drugs that interact with specific receptors or enzymes in the central nervous system, contributing to advancements in treatments for conditions such as depression, anxiety, and neurodegenerative diseases.