This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate or building block in the synthesis of more complex molecules, particularly those targeting specific receptors or enzymes in the body. Its structure makes it valuable in the design of drugs for neurological disorders, as it may interact with neurotransmitter systems. Additionally, it is explored in the development of anticancer agents, where its molecular framework could contribute to inhibiting tumor growth or inducing apoptosis. Researchers also investigate its potential in creating novel therapeutic agents for inflammatory or infectious diseases.