Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and psychiatric disorders. Its structure allows it to interact with specific receptors in the brain, making it valuable in the development of antipsychotic and antidepressant medications. Additionally, it is explored for its potential in treating conditions like anxiety and schizophrenia due to its ability to modulate neurotransmitter activity. Researchers also investigate its role in creating compounds with anti-inflammatory and antimicrobial properties, broadening its application in medical science.