This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structural framework is often incorporated into the development of potential therapeutic agents due to its ability to interact with specific receptors in the brain. Additionally, it is explored for its role in creating compounds with anti-inflammatory and analgesic properties, making it valuable in drug discovery processes. Researchers also investigate its potential in designing novel treatments for conditions like depression, anxiety, and chronic pain.