Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as depression and anxiety, due to its ability to interact with specific neurotransmitter systems. Additionally, it has been explored in the creation of novel compounds with potential antimicrobial properties, making it relevant in the fight against resistant bacterial strains. Its application extends to organic synthesis, where it is utilized to construct complex molecular architectures for further chemical studies.