This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its structural framework is often incorporated into compounds designed to modulate neurotransmitter activity, making it valuable in the study of conditions like epilepsy, anxiety, and depression. Additionally, it is employed in the creation of heterocyclic compounds that exhibit potential anti-inflammatory and antioxidant properties. Its versatility in organic synthesis also makes it a useful building block for developing novel therapeutic agents.