This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological disorders. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, making it valuable for creating potential treatments for conditions such as depression, anxiety, and schizophrenia. Additionally, it is explored in research for its potential role in modulating enzyme activity, which could lead to the development of novel therapeutic compounds. Its unique chemical framework also makes it a candidate for studying protein-ligand interactions and designing bioactive molecules with improved efficacy and selectivity.