This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting neurological and psychiatric disorders. Researchers often employ it to create molecules that interact with specific receptors in the brain, potentially leading to treatments for conditions such as anxiety, depression, and insomnia. Additionally, its unique chemical framework makes it a candidate for designing compounds with anti-inflammatory or antimicrobial properties, broadening its application in drug discovery and development.