This compound is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological disorders. Its structure is often incorporated into the design of compounds that interact with receptors in the central nervous system, making it valuable for research in neurodegenerative diseases and psychiatric conditions. Additionally, it is explored for its potential in creating novel pharmaceuticals with analgesic or anti-inflammatory properties. Its versatility in chemical reactions also makes it a useful building block for synthesizing more complex heterocyclic compounds.