This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the development of drugs targeting neurological disorders, including anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it plays a role in the creation of antiviral and antimicrobial agents, contributing to the treatment of infections. Researchers also explore its potential in designing novel therapeutic molecules for cancer treatment, leveraging its unique chemical properties to enhance drug efficacy and selectivity.