This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting bacterial infections, as it can be modified to enhance antibacterial activity. Additionally, it is explored in the design of compounds with potential anticancer properties, leveraging its ability to interact with specific cellular targets. Researchers also investigate its role in creating novel therapeutic agents for neurological disorders, due to its potential to modulate neurotransmitter systems. Its versatility makes it a significant building block in drug discovery and development processes.