Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in developing drugs targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it is explored for its potential in creating treatments for cardiovascular diseases by modulating certain biochemical pathways. Researchers also investigate its role in designing novel anticancer agents, leveraging its unique chemical properties to inhibit tumor growth. Its versatility makes it a crucial component in medicinal chemistry and drug discovery efforts.