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 bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into the development of potential drugs for conditions such as depression, anxiety, and cognitive impairments. Additionally, it is explored in the design of compounds with potential analgesic and anti-inflammatory properties. Researchers also investigate its role in modulating specific receptors or enzymes in the central nervous system, making it a valuable component in the discovery of novel therapeutic agents.