This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often exploited to develop potential therapeutic agents for neurological disorders, such as anxiety, depression, and epilepsy. Additionally, it is used in the design of compounds that modulate GABA receptors, which play a crucial role in regulating neuronal excitability. Researchers also explore its derivatives for their potential anti-inflammatory and analgesic properties, making it a versatile scaffold in drug discovery.