This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, such as antidepressants and antipsychotics. Additionally, it plays a role in the creation of compounds with potential anti-inflammatory and analgesic properties. Researchers also explore its use in designing novel therapeutic agents for cardiovascular diseases due to its unique chemical framework, which allows for effective interaction with biological targets. Its versatility makes it a significant component in medicinal chemistry research and drug discovery processes.