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 that modulate specific receptors or enzymes in the central nervous system. Additionally, it is explored for its potential use in creating compounds with anti-inflammatory or analgesic properties. Researchers also investigate its role in designing drugs that could address conditions like anxiety, depression, or neurodegenerative diseases. Its versatility in chemical synthesis makes it a valuable building block for discovering novel drug candidates.