This compound finds its application primarily in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often utilized in the design of compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable for the development of potential treatments for conditions like depression, anxiety, and schizophrenia. Additionally, it is explored in the creation of novel pharmaceuticals due to its potential to enhance drug efficacy and selectivity. Researchers also investigate its role in the development of enzyme inhibitors, which could be beneficial in treating metabolic diseases or infections. Its versatility in chemical synthesis makes it a valuable building block in organic chemistry and pharmaceutical research.