Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceutical agents. It is particularly valuable in the development of drugs targeting central nervous system disorders due to its ability to modify neurotransmitter activity. Additionally, it finds application in the synthesis of antifungal and antibacterial agents, contributing to the creation of compounds that inhibit microbial growth. Its role in chemical research also extends to the study of enzyme inhibitors, aiding in the understanding of biochemical pathways and potential therapeutic interventions.