Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as depression and anxiety, due to its ability to interact with specific neurotransmitter systems. Additionally, it has been explored in the creation of compounds with potential anti-inflammatory and analgesic properties, making it a versatile component in drug discovery pipelines. Researchers also investigate its role in modulating enzyme activity, which could lead to advancements in treating metabolic diseases.