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 various pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, such as dopamine or serotonin receptors, making it valuable in the development of antipsychotic or antidepressant drugs. Additionally, it has shown potential in the creation of compounds with anti-inflammatory or analgesic properties, broadening its application in therapeutic research. Its versatility in forming complex structures also makes it a useful component in the study of chemical reactions and the development of novel bioactive molecules.