This compound is primarily utilized in the field of medicinal chemistry due to its potential pharmacological properties. It has been studied for its role as a precursor or intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structural features make it a candidate for developing compounds with potential antidepressant or anxiolytic effects. Additionally, it may be explored for its binding affinity to specific receptors or enzymes, contributing to drug discovery efforts aimed at treating neurological disorders. Researchers also investigate its use in organic synthesis to create complex molecular architectures for further biological evaluation.