This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and psychological disorders. It serves as an intermediate in the production of drugs that interact with serotonin receptors, making it valuable in the development of antidepressants and anxiolytics. Additionally, it is utilized in research settings to study the biochemical pathways related to neurotransmission and receptor binding. Its structural properties allow it to act as a precursor in the creation of complex molecules with potential therapeutic effects.