Used widely in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of drugs targeting central nervous system disorders, including anxiety and insomnia. Additionally, it is utilized in the creation of antimicrobial and anti-inflammatory agents, contributing to the advancement of treatments for infectious diseases and chronic inflammation. Its versatile structure also makes it valuable in organic synthesis for constructing complex heterocyclic compounds.