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 active pharmaceutical ingredients (APIs) for treatments related to anxiety, depression, and cognitive impairments. Additionally, it is employed in organic chemistry research for the creation of novel heterocyclic compounds, which are valuable in medicinal chemistry for their potential therapeutic properties. Its role in the development of enzyme inhibitors and receptor modulators is also significant, contributing to advancements in drug discovery and therapeutic innovation.