Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anxiolytic and sedative agents. It serves as a building block in medicinal chemistry for constructing nitrogen-containing heterocycles, which are common in central nervous system (CNS) active drugs. Its structure allows for easy functionalization, making it valuable in optimizing drug candidates for improved binding and pharmacokinetics. Also employed in research settings to develop novel bioactive molecules and in the preparation of kinase inhibitors for potential use in cancer therapy.