Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It exhibits potential in the creation of selective receptor modulators due to its structural affinity for certain neurotransmitter receptors. Commonly employed in research settings for the design of novel bioactive molecules, including anticonvulsant and anxiolytic drug candidates. Its derivatives are explored for their anti-inflammatory and anticancer properties, making it valuable in medicinal chemistry and drug discovery pipelines.