This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target neurological disorders, including certain antidepressants and antipsychotics. Additionally, it is employed in the development of compounds with potential antihypertensive properties. Its role in organic synthesis extends to the creation of fine chemicals and specialty materials, where its structure contributes to the formation of complex molecules. In research, it is often used to study biochemical pathways and receptor interactions, aiding in the discovery of new therapeutic agents.