This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of drugs that exhibit analgesic and anti-inflammatory properties. Additionally, it is employed in the development of certain antidepressants and antipsychotic medications due to its structural compatibility with neurotransmitter systems. In research, it is used to study receptor interactions and metabolic pathways, aiding in the discovery of novel therapeutic agents. Its role in organic synthesis also extends to the creation of complex molecules for material science applications, such as liquid crystals and advanced polymers.