Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the creation of drugs targeting central nervous system disorders, such as anxiety and depression. Additionally, it is employed in the production of ligands for receptor studies, aiding in the understanding of biochemical pathways. The compound’s stability and reactivity make it suitable for use in organic synthesis, particularly in the construction of heterocyclic frameworks essential for medicinal chemistry. It is also utilized in the development of novel therapeutic agents, including potential treatments for infectious diseases and cancer.