Used in pharmaceutical research as a key scaffold for developing bioactive molecules, particularly in the discovery of central nervous system agents. Its structure supports modulation of neurotransmitter receptors, making it valuable in the design of potential anxiolytic, antidepressant, and antipsychotic compounds. Also explored in medicinal chemistry for optimizing drug-like properties such as metabolic stability and blood-brain barrier penetration. Serves as an intermediate in synthesizing more complex heterocyclic systems for drug development.