This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it a valuable building block for the development of pharmaceutical agents, particularly those targeting central nervous system disorders. Researchers leverage its framework to design and synthesize potential drug candidates with therapeutic properties, such as antipsychotic or anticonvulsant effects. Additionally, its derivatives are explored for their potential in treating inflammatory diseases and certain types of cancers. The compound’s versatility in chemical reactions also makes it a useful tool in organic synthesis for creating complex molecules with specific biological activities.