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 structural features make it a valuable building block for designing molecules with potential therapeutic effects on conditions such as depression, anxiety, and cognitive impairments. Additionally, it is explored in the creation of compounds that interact with specific receptors in the central nervous system, enhancing their efficacy and selectivity. Researchers also investigate its application in the development of anti-inflammatory and analgesic medications, leveraging its chemical framework to optimize drug properties.