This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It is often employed in the development of compounds targeting central nervous system disorders, including potential treatments for anxiety, depression, and neurodegenerative diseases. Its structural framework is particularly valuable for creating molecules with high affinity for specific receptors or enzymes in the brain. Additionally, it serves as a building block in the design of novel drug candidates with improved efficacy and reduced side effects, making it a critical component in drug discovery and development pipelines.