This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex molecules. It plays a significant role in the synthesis of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Its structure is often leveraged in the design of drugs targeting neurological disorders, as it can interact with specific receptors in the brain. Additionally, it is used in research settings to study chemical reactions and mechanisms, aiding in the discovery of new chemical entities with diverse applications. Its versatility makes it a valuable tool in medicinal chemistry and drug discovery processes.