This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. Its structure allows for modifications that enhance binding affinity to specific receptors or enzymes, making it valuable in medicinal chemistry. Additionally, it has shown potential in the development of anti-inflammatory and analgesic agents, contributing to the exploration of new therapeutic options for pain management and inflammatory conditions.