Primarily utilized in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of potential drug candidates targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it is employed in the development of compounds with potential anti-inflammatory and analgesic properties, making it a versatile building block in medicinal chemistry. Researchers also explore its use in designing novel inhibitors for enzymes involved in disease pathways, contributing to advancements in therapeutic drug discovery.