Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as depression and anxiety, due to its potential to interact with serotonin receptors. Additionally, it is explored for its role in creating compounds with potential anti-inflammatory and analgesic properties. Researchers also investigate its utility in designing novel therapeutic agents for cardiovascular diseases, leveraging its unique chemical framework to enhance drug efficacy and selectivity.