This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its unique structure allows it to be incorporated into compounds that interact with specific receptors or enzymes, making it valuable for designing potential drugs for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, it is explored in the development of kinase inhibitors, which are significant in cancer therapy. Its versatility in chemical modifications also makes it a useful building block in medicinal chemistry for optimizing drug efficacy and selectivity.