Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of drugs targeting central nervous system disorders. Its structure is valuable in creating molecules with potential therapeutic effects, such as anxiolytics or antipsychotics. Also explored in the design of kinase inhibitors for cancer treatment due to its ability to interact with specific enzyme targets. Additionally, it serves as a building block in organic chemistry for constructing complex heterocyclic compounds with diverse applications in medicinal chemistry.