This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, including anxiety and depression. Additionally, its structural properties make it valuable in the creation of compounds with potential anti-inflammatory and antimicrobial activities. Researchers also explore its use in the design of novel therapeutic agents due to its unique chemical framework, which can be modified to enhance drug efficacy and selectivity.