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 disorders. Its structural framework is often incorporated into the design of drugs that modulate neurotransmitter activity, making it valuable for creating potential treatments for conditions like epilepsy, anxiety, and depression. Additionally, it is explored in the development of enzyme inhibitors, which can be applied in therapeutic strategies for metabolic diseases. Its versatility in organic synthesis also makes it a useful building block for constructing more complex chemical entities in medicinal chemistry.