This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. It plays a significant role in the development of drugs targeting specific diseases, particularly those involving the central nervous system. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and analgesic properties. Its structural features make it valuable in medicinal chemistry for designing molecules with enhanced bioavailability and efficacy. Researchers also explore its use in the development of novel inhibitors for enzymes involved in disease pathways, contributing to advancements in drug discovery and treatment options.