This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, including anxiety and depression, due to its ability to interact with specific neurotransmitter receptors. Additionally, it serves as a building block in the creation of novel compounds with potential antimicrobial and anti-inflammatory properties, making it a versatile component in medicinal chemistry research. Its applications extend to the design of small molecule inhibitors that can modulate biological pathways, aiding in the discovery of new therapeutic agents.