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 bioactive molecules, particularly those targeting neurological disorders. Its structural framework is often explored for the development of potential drugs that interact with specific receptors in the brain, such as those involved in mood regulation or cognitive function. Additionally, it has been investigated for its potential role in creating compounds with anti-inflammatory or analgesic properties. Researchers also study its derivatives for their pharmacokinetic and pharmacodynamic profiles to optimize drug efficacy and safety.