This compound is primarily utilized in the pharmaceutical and research sectors due to its potential biological activity. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting the central nervous system. Its structural features make it valuable in the development of compounds with potential analgesic or anti-inflammatory properties. Additionally, it is explored in medicinal chemistry for designing novel drug candidates, especially in the context of modifying pharmacokinetic properties or enhancing receptor binding affinity. Researchers also leverage its framework in studying enzyme interactions or as a building block for more complex chemical entities.