This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, such as antidepressants and antipsychotics, due to its ability to interact with specific receptors in the brain. Additionally, it has shown potential in the creation of drugs aimed at treating cancer, as its framework can be modified to inhibit the growth of tumor cells. Researchers also explore its use in designing molecules with anti-inflammatory and analgesic properties, making it a versatile building block in drug discovery.