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 the central nervous system, including potential treatments for neurological disorders such as anxiety, depression, and epilepsy. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and analgesic properties. Researchers also explore its use in designing molecules that interact with specific receptors or enzymes, making it a versatile component in drug discovery and development processes.