This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of drugs targeting neurological disorders, particularly those involving the central nervous system. Its structural properties make it valuable for creating molecules that interact with specific receptors, aiding in the treatment of conditions like anxiety, insomnia, and epilepsy. Additionally, it is explored in research for its potential anti-inflammatory and antimicrobial properties, contributing to the development of novel therapeutic agents.