This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, including anxiety and depression. Additionally, it serves as a building block in the creation of anti-inflammatory and analgesic agents, contributing to the formulation of medications that alleviate pain and reduce inflammation. Researchers also explore its potential in designing novel therapeutic agents for cardiovascular diseases due to its unique chemical framework, which can be modified to enhance efficacy and selectivity.