This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the development of drugs targeting neurological disorders, including those used in the treatment of depression and anxiety. Additionally, it serves as a building block in the creation of inhibitors for specific enzymes, which are crucial in regulating cellular processes and have potential applications in cancer therapy. Researchers also explore its use in the design of novel therapeutic agents due to its unique heterocyclic framework, which can enhance drug efficacy and selectivity.