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 structure is often incorporated into compounds designed to interact with specific receptors or enzymes in the brain, making it valuable for developing potential treatments for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is explored in the development of novel heterocyclic compounds for anticancer research due to its unique chemical framework, which can be modified to enhance drug efficacy and selectivity.