Used primarily 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 for its role in creating novel compounds with potential anti-inflammatory and analgesic properties. Researchers also investigate its utility in designing drugs that modulate enzyme activity, offering possibilities for treating metabolic and cardiovascular diseases. Its versatility in medicinal chemistry makes it a significant compound for drug discovery and development.