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 neurological disorders. Its structural framework is often incorporated into molecules that interact with receptors or enzymes in the central nervous system, making it valuable for research in areas such as pain management, neurodegenerative diseases, and psychiatric conditions. Additionally, it is explored for its potential in creating novel pharmaceuticals with improved efficacy and reduced side effects.