Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of selective modulators for neurotransmitter receptors, making it valuable in research for anxiolytic, anticonvulsant, and sedative drugs. Commonly employed in medicinal chemistry for scaffold modification to enhance drug potency and metabolic stability. Also explored in the design of kinase inhibitors and anti-inflammatory agents due to its favorable binding properties with biological targets.