This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It plays a significant role in the development of drugs targeting the central nervous system, particularly those designed to treat neurological disorders such as anxiety, depression, and schizophrenia. Its structural features make it a valuable building block for creating molecules that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is explored in research for its potential applications in developing treatments for chronic pain and inflammation due to its ability to modulate certain biochemical pathways. The compound’s versatility also extends to its use in designing novel compounds with improved pharmacokinetic properties, making it a crucial component in drug discovery and development processes.