This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and antimicrobial properties, making it a versatile component in drug discovery and development processes. Its application extends to research settings where it is used to study biochemical pathways and mechanisms of action for new therapeutic candidates.