This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the creation of compounds that target neurological disorders, such as anxiety and depression, due to its structural compatibility with certain receptors in the brain. Additionally, it is employed in the study of enzyme inhibition, aiding in the development of drugs that modulate specific biochemical pathways. Its unique structure also makes it valuable in the exploration of novel therapeutic agents for treating chronic pain and inflammation. In organic chemistry, it is used as a building block for constructing complex molecules with potential medicinal properties.