This compound is primarily utilized in the field of pharmaceutical research and development. 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 in the design of drugs that interact with neurotransmitter receptors, making it valuable in the development of potential treatments for neurological disorders such as anxiety, depression, and schizophrenia. Additionally, it is explored in the creation of novel therapeutic agents for cardiovascular diseases due to its potential to modulate specific biochemical pathways. Researchers also investigate its role in the development of anti-inflammatory and analgesic medications, leveraging its unique chemical framework to enhance drug efficacy and selectivity.