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 explored for developing potential therapeutic agents that interact with specific receptors in the central nervous system. Researchers also investigate its derivatives for their potential as modulators of enzymes or proteins involved in disease pathways. Its application extends to drug discovery programs where it is used to optimize pharmacokinetic properties and enhance the efficacy of lead compounds.