This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate or building block in the synthesis of complex molecules, particularly those targeting neurological disorders. Its unique structure allows it to interact with specific receptors in the brain, making it valuable for research into treatments for conditions such as Alzheimer's disease, Parkinson's disease, and other neurodegenerative disorders. Additionally, it has potential applications in the development of antipsychotic and antidepressant medications due to its ability to modulate neurotransmitter activity. Researchers also explore its use in creating novel therapeutic agents with improved efficacy and reduced side effects.