Used in pharmaceutical research as a building block for synthesizing compounds with potential therapeutic effects. It is particularly explored for its role in developing ligands that target specific receptors in the central nervous system, aiding in the study of neurological disorders. Additionally, it serves as a precursor in the creation of heterocyclic compounds, which are valuable in medicinal chemistry for designing drugs with anti-inflammatory, antimicrobial, or anticancer properties. Its structural versatility makes it a key intermediate in organic synthesis for developing novel bioactive molecules.