This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of potential therapeutic agents, particularly in the design of compounds targeting central nervous system disorders. Its structural framework is often incorporated into drug candidates that exhibit activity against neurological conditions such as Alzheimer's disease, Parkinson's disease, and other neurodegenerative disorders. Additionally, it is employed in the creation of small molecule inhibitors that modulate specific enzymes or receptors, contributing to the advancement of targeted therapies. Researchers also explore its use in the preparation of compounds with anti-inflammatory, analgesic, or antimicrobial properties, making it a versatile building block in drug discovery and development.