This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structural framework is often incorporated into the design of potential drugs for treating neurological disorders, such as anxiety, depression, and cognitive impairments. Additionally, it is employed in the preparation of compounds with potential therapeutic applications in areas like pain management and inflammation. Its versatility in organic synthesis makes it a valuable building block for creating complex molecules with specific pharmacological properties.