This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of potential therapeutic agents, particularly in the design of molecules targeting neurological disorders and psychiatric conditions. Its structural framework is often incorporated into compounds that exhibit activity as modulators of specific receptors or enzymes within the central nervous system. Additionally, it is explored in the creation of novel pharmaceuticals aimed at addressing inflammation and pain management. Researchers also investigate its derivatives for their potential in treating cardiovascular diseases due to their ability to interact with certain signaling pathways. Its versatility in drug development makes it a valuable component in the search for new and effective treatments.