This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of bioactive molecules, especially those targeting neurological disorders and mental health conditions. Its structure is often incorporated into compounds designed to interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable in the development of antidepressants, antipsychotics, and anxiolytics. Additionally, it is explored in the design of enzyme inhibitors, which can be applied in treating various diseases, including cancer and inflammatory conditions. Its versatility in medicinal chemistry underscores its importance in advancing therapeutic innovations.