This compound is primarily utilized in pharmaceutical research due to its potential biological activities. It is studied for its role as a precursor or intermediate in the synthesis of more complex molecules, particularly those targeting neurological disorders. Its structural features make it a candidate for developing drugs that interact with specific receptors in the brain, potentially offering therapeutic benefits for conditions like anxiety, depression, or cognitive impairments. Additionally, it may be explored for its antimicrobial or anti-inflammatory properties, contributing to the development of novel treatments for infections or inflammatory diseases. Researchers also investigate its potential in cancer therapy, as its core structure could be modified to target cancer cell pathways. Overall, it serves as a valuable tool in medicinal chemistry for designing and optimizing new drug candidates.