This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structural framework is often incorporated into compounds designed to interact with specific receptors in the brain, making it valuable for developing treatments for conditions such as anxiety, depression, and cognitive impairments. Additionally, it is explored in the development of potential anticancer agents due to its ability to modulate cellular pathways. Researchers also investigate its role in creating novel therapeutic agents for cardiovascular diseases, leveraging its unique chemical properties to enhance drug efficacy and selectivity.