This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure makes it a valuable intermediate in the creation of molecules targeting neurological disorders, such as anxiety and depression, due to its potential interaction with specific receptors in the brain. Additionally, it is explored for its role in developing treatments for inflammatory conditions, as its chemical framework may influence pathways associated with inflammation. Researchers also investigate its use in designing enzyme inhibitors, which could be applied in therapies for various metabolic and infectious diseases. Its versatility in medicinal chemistry underscores its importance in advancing therapeutic innovations.