Used in pharmaceutical research as a key intermediate for developing central nervous system agents, particularly in the synthesis of compounds targeting neurological disorders such as anxiety and depression. Its structure supports binding to specific brain receptors, making it valuable in creating novel psychoactive drugs. Also explored in the development of anti-inflammatory agents due to its ability to modulate cellular pathways involved in inflammation. Commonly employed in structure-activity relationship (SAR) studies to optimize drug candidates for improved efficacy and reduced side effects.