This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting the central nervous system. Its structure is often explored for developing potential therapeutic agents, including anxiolytics and anticonvulsants, due to its ability to interact with specific neurotransmitter receptors. Additionally, it is investigated for its role in creating novel compounds with potential anti-inflammatory and antimicrobial properties. Researchers also study its derivatives for their pharmacokinetic properties to optimize drug efficacy and safety.