This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the design of compounds that act on specific receptors in the brain, such as those involved in modulating neurotransmitter activity. Additionally, it is explored for its potential in developing drugs with anti-inflammatory or analgesic properties. Researchers also investigate its role in creating novel therapeutics for conditions like depression, anxiety, and chronic pain due to its unique chemical framework.