This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structure is often incorporated into the design of drugs that modulate neurotransmitter activity, making it valuable for developing treatments for conditions like anxiety, depression, and neurodegenerative diseases. Additionally, it is employed in the development of small molecule inhibitors for enzymes and receptors, contributing to the advancement of targeted therapies in oncology and other therapeutic areas. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating complex molecules with potential pharmacological applications.