This compound is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting neurological disorders. Its structure is often explored for the development of compounds with potential analgesic or anti-inflammatory properties. Additionally, it is investigated for its role in creating ligands that interact with specific receptors in the central nervous system, aiding in the study of neurodegenerative diseases. Researchers also employ it in the design of novel therapeutic agents due to its versatile chemical framework.