This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it serves as a building block in the creation of molecules with potential anticancer properties, as its core structure can be modified to enhance binding affinity to certain cellular targets. Researchers also explore its use in designing novel drugs for treating inflammatory diseases, leveraging its unique chemical framework to optimize therapeutic efficacy.