This compound is widely utilized in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of antipsychotic and antidepressant medications, helping to modulate neurotransmitter activity. Additionally, it is employed in the creation of compounds with potential antimicrobial and anticancer properties, making it valuable in medicinal chemistry research. Its structural versatility allows for modifications that enhance drug efficacy and specificity.