Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of inhibitors for enzymes like monoamine oxidase, which are crucial in treating conditions such as depression and Parkinson's disease. Additionally, it is employed in organic synthesis to create complex molecules with potential therapeutic applications. Its role in chemical research extends to the development of novel compounds with antimicrobial and antifungal properties, making it valuable in the field of medicinal chemistry.