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 pharmacologically active molecules. Its structural framework is particularly valuable in the design of compounds targeting neurological disorders, such as Alzheimer's disease and depression, due to its ability to interact with specific receptors in the brain. Additionally, it has shown potential in the development of anti-inflammatory and analgesic agents, making it a versatile building block in the creation of therapeutic drugs. Researchers also explore its use in the synthesis of novel compounds for treating cancer, leveraging its unique chemical properties to enhance drug efficacy and selectivity.