Primarily utilized in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it contributes to the creation of compounds with potential antipsychotic and antidepressant properties. Additionally, it is employed in organic synthesis to build complex heterocyclic frameworks, which are essential in medicinal chemistry for designing new therapeutic agents. Its role in research extends to studying structure-activity relationships to optimize drug efficacy and reduce side effects.