Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of bioactive molecules with potential antidepressant and anxiolytic properties. Additionally, it is utilized in organic chemistry research for constructing complex heterocyclic structures, which are valuable in medicinal chemistry. Its derivatives are explored for their potential anti-inflammatory and antimicrobial activities, making it a versatile building block in drug discovery and development.