Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, such as anxiety and depression, due to its structural properties that interact with specific neurotransmitter systems. Additionally, it is employed in the production of compounds with potential antimicrobial and antifungal activities, aiding in the discovery of new therapeutic agents. Its role in organic synthesis also extends to the creation of complex molecules for biochemical studies and drug discovery pipelines.