Used in pharmaceutical research as a key intermediate for developing bioactive compounds, particularly in the synthesis of kinase inhibitors and CNS-targeted drugs. Shows potential in modulating serotonin and dopamine pathways, making it relevant for studying neurological disorders like depression and schizophrenia. Also explored for anti-inflammatory and anticancer properties due to its ability to interact with cellular signaling receptors. Commonly employed in structure-activity relationship (SAR) studies to optimize drug candidates with improved selectivity and metabolic stability.