This compound is primarily utilized in the pharmaceutical industry for its potential therapeutic properties. It is often investigated for its role in the development of central nervous system (CNS) drugs, particularly those targeting neurological disorders such as epilepsy, anxiety, and depression. Its unique structure allows it to interact with specific receptors in the brain, modulating neurotransmitter activity to achieve desired effects.

Additionally, it serves as a key intermediate in the synthesis of more complex molecules used in medicinal chemistry. Researchers explore its derivatives for their efficacy in treating chronic pain and inflammatory conditions, owing to its ability to influence biochemical pathways associated with pain and inflammation.

In drug discovery, this compound is valued for its versatility and potential to be modified into various analogs, enabling the creation of new drugs with improved efficacy and reduced side effects. Its applications are continually expanding as ongoing research uncovers new therapeutic possibilities.