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 compounds targeting central nervous system disorders, such as anxiety and depression. Additionally, it has shown potential in the development of anti-inflammatory and analgesic agents due to its ability to interact with specific biological pathways. Researchers also explore its use in designing enzyme inhibitors, which can be applied in the treatment of various metabolic and degenerative diseases. Its versatility in medicinal chemistry underscores its importance in advancing therapeutic innovations.