This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structural framework is particularly valuable in the development of compounds targeting the central nervous system, including potential treatments for neurological disorders such as Alzheimer's disease and schizophrenia. Additionally, it has shown promise in the design of molecules with analgesic properties, offering potential pathways for pain management therapies. Researchers also explore its use in creating novel drugs that modulate receptor activity, which could lead to breakthroughs in treating mood disorders and other psychiatric conditions. Its versatility in chemical modifications makes it a valuable scaffold in drug discovery and development processes.