This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules targeting central nervous system disorders, such as anxiety, depression, and sleep disorders. Additionally, it is explored for its potential role in developing treatments for cardiovascular diseases due to its ability to interact with specific receptors in the body. Researchers also investigate its use in designing enzyme inhibitors, which could lead to therapies for metabolic or inflammatory conditions. Its versatility in medicinal chemistry highlights its importance in advancing therapeutic innovations.