Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting neurological disorders, such as anxiety and depression, due to its structural similarity to compounds that interact with neurotransmitter systems. Additionally, it has shown potential in the creation of novel therapeutic agents for cardiovascular diseases, where its derivatives may help regulate blood pressure and heart function. Researchers also explore its utility in designing anti-inflammatory and analgesic medications, leveraging its chemical framework to enhance efficacy and reduce side effects. Its versatility makes it a significant component in medicinal chemistry and drug discovery pipelines.