This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its unique structure allows it to interact with specific receptors in the brain, making it valuable for studying and developing treatments for conditions such as depression, anxiety, and cognitive impairments. Additionally, it is explored for its potential in creating novel therapeutic agents due to its ability to modulate certain biochemical pathways. Researchers also investigate its use in designing drugs with improved efficacy and reduced side effects.