This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate or active pharmaceutical ingredient (API) in the synthesis of various therapeutic agents. Its structure is particularly valuable in the design of inhibitors targeting specific enzymes or receptors involved in disease pathways. For instance, it has shown potential in the development of treatments for neurological disorders, inflammatory conditions, and certain types of cancers. Researchers also explore its use in creating compounds with anti-anxiety or antidepressant properties due to its interaction with neurotransmitter systems. Additionally, its derivatives are studied for their efficacy in modulating biological processes, making it a versatile scaffold in pharmaceutical research.