This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceuticals targeting neurological disorders, such as schizophrenia and bipolar disorder, due to its ability to interact with specific neurotransmitter systems. Additionally, it has shown potential in the creation of novel anti-inflammatory and antimicrobial agents, making it a versatile component in drug discovery and development processes.