Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is valuable in the creation of potential therapeutic agents, particularly in the field of central nervous system (CNS) drugs. It is also explored for its role in developing compounds with antipsychotic, analgesic, or anti-inflammatory properties. Additionally, it is studied as a starting material in the synthesis of anti-cancer agents and in chemical research for developing antimicrobial drugs. It finds utility in organic synthesis for constructing complex chemical frameworks in medicinal chemistry.