Used in pharmaceutical research as a building block for the synthesis of biologically active compounds. It serves as a key intermediate in the development of potential drugs targeting neurological disorders, such as Alzheimer's disease and depression, due to its structural properties that interact with specific receptors in the brain. Additionally, it is employed in organic chemistry to create novel molecules with potential therapeutic applications, including anti-inflammatory and antimicrobial agents. Its versatility in chemical reactions makes it valuable for exploring new drug candidates and optimizing their efficacy.