Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, such as anxiolytics and antipsychotics. Additionally, it is explored for its potential in creating compounds with anti-inflammatory and analgesic properties. Researchers also investigate its role in designing inhibitors for specific enzymes involved in disease pathways, making it a versatile tool in medicinal chemistry.