It is primarily used in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive compounds. Its structure makes it valuable for creating molecules with potential therapeutic effects, particularly in the development of drugs targeting neurological disorders and psychiatric conditions. Additionally, it serves as a building block in organic chemistry for constructing complex heterocyclic compounds, which are often explored for their medicinal properties. Researchers also utilize it in the study of enzyme inhibition and receptor modulation, contributing to the discovery of novel treatments.