Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders and inflammation. It serves as a key intermediate in the production of bioactive molecules, including potential treatments for depression and anxiety. Additionally, it is employed in organic chemistry research to create complex heterocyclic structures, which are essential in drug discovery and material science. Its derivatives are also explored for their antimicrobial and antioxidant properties, making it valuable in the development of new therapeutic agents.