Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and central nervous system (CNS) active compounds. Its structure supports the formation of heterocyclic derivatives that exhibit biological activity, making it valuable in medicinal chemistry research. Commonly employed in the preparation of analogs for structure-activity relationship (SAR) studies. Also utilized in the design of novel drug candidates targeting neurological disorders due to its affinity for neurotransmitter receptors.