This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the design and development of compounds targeting neurological disorders, as it contains elements that can interact with specific receptors in the brain. Researchers often explore its potential in creating drugs for conditions such as anxiety, depression, and chronic pain. Additionally, its unique chemical framework makes it a candidate for further modification to enhance bioavailability and therapeutic efficacy.