This compound is primarily used in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique structure makes it valuable for developing drugs that target specific biological pathways, particularly in the treatment of neurological disorders and chronic diseases. Researchers utilize it to create compounds with potential therapeutic effects, such as modulating neurotransmitter activity or inhibiting enzymes involved in disease progression. Additionally, it has shown promise in the development of novel treatments for conditions like anxiety, depression, and certain types of cancer, due to its ability to interact with cellular receptors and proteins. Its application is also explored in the design of prodrugs, enhancing the bioavailability and efficacy of active pharmaceutical ingredients.