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 neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structure is often incorporated into molecules designed to act as selective inhibitors or modulators of specific receptors or enzymes in the brain, making it valuable for research in treating conditions like depression, anxiety, and cognitive impairments. Additionally, it is explored in the design of compounds with potential anti-inflammatory or antimicrobial properties, broadening its application in drug discovery.