This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into molecules designed to interact with specific receptors or enzymes in the brain, making it valuable in the creation of potential therapeutic agents. Additionally, it is explored in the development of novel anti-inflammatory and antimicrobial drugs due to its potential to modulate specific biological pathways. Researchers also investigate its use in organic synthesis for constructing complex heterocyclic compounds, which are essential in medicinal chemistry.