It is primarily used 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 compounds targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of molecules with potential anti-inflammatory and analgesic properties. Researchers also explore its utility in designing novel drugs for cardiovascular diseases, leveraging its unique chemical framework to enhance drug efficacy and selectivity. Its applications extend to organic synthesis, where it is utilized to construct complex heterocyclic compounds for further pharmacological evaluation.