This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable for developing treatments for conditions like depression, anxiety, and schizophrenia. Additionally, its unique chemical framework is explored in the creation of novel compounds with potential anti-inflammatory or analgesic properties, contributing to ongoing research in pain management and immune system modulation.