This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate or building block in the synthesis of various biologically active molecules. Researchers often explore its potential in the design of compounds targeting central nervous system disorders, such as Alzheimer's disease or schizophrenia, due to its structural features that may interact with relevant receptors. Additionally, it is studied for its potential application in developing inhibitors for specific enzymes or proteins involved in disease pathways. Its versatility makes it a valuable component in the discovery of novel therapeutic agents.