This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the development of pharmaceuticals targeting central nervous system disorders, owing to its ability to interact with specific neurotransmitter receptors. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and analgesic properties. Researchers also explore its use in designing novel inhibitors for enzymes involved in various disease pathways, making it a versatile component in drug discovery and development.