Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it is explored in the creation of novel compounds with anti-inflammatory and antimicrobial properties, making it a versatile building block in medicinal chemistry. Researchers also investigate its role in designing inhibitors for enzymes involved in disease pathways, contributing to advancements in drug discovery.