This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable for developing pharmaceuticals, particularly in the creation of compounds targeting central nervous system disorders. Researchers have explored its potential in designing inhibitors for specific enzymes or receptors involved in neurological pathways. Additionally, it serves as a building block in organic synthesis, enabling the construction of complex heterocyclic frameworks that are often found in drug candidates. Its application extends to the development of potential therapies for conditions such as anxiety, depression, and other neurodegenerative diseases.