Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting neurological and cardiovascular conditions. Its role in medicinal chemistry is significant due to its structural properties, which allow it to interact effectively with biological targets. Additionally, it finds application in research and development for creating novel therapeutic agents, especially in the study of enzyme inhibition and receptor modulation. Its derivatives are also explored for potential use in treating inflammatory diseases and certain types of cancer.