Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting central nervous system disorders, including anxiety and depression, due to its structural similarity to compounds that interact with neurotransmitter receptors. Additionally, it has shown potential in the creation of anti-inflammatory and anticancer agents, where its core structure is modified to enhance efficacy and selectivity. Researchers also explore its utility in designing enzyme inhibitors, leveraging its ability to bind to active sites and modulate enzymatic activity. Its versatility makes it a crucial component in medicinal chemistry for discovering new therapeutic agents.