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, due to its structural properties that allow for effective interaction with neural receptors. Additionally, it plays a role in the creation of compounds with potential antimicrobial and antifungal activities, aiding in the fight against resistant strains of pathogens. Its utility in medicinal chemistry is further highlighted by its involvement in the design of enzyme inhibitors, which are crucial for treating diseases at the molecular level.