This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, it has shown potential in the creation of anti-inflammatory and antimicrobial agents, contributing to the advancement of treatments for infections and chronic inflammatory conditions. Researchers also explore its use in organic synthesis to construct complex heterocyclic frameworks, which are essential in the design of novel therapeutic compounds.