This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting the central nervous system. It serves as a key intermediate in the production of certain psychoactive substances, which are often investigated for their potential therapeutic effects in treating neurological disorders. Additionally, it is employed in organic chemistry research to develop novel compounds with specific biological activities. Its unique structure makes it valuable in creating molecules that interact with serotonin receptors, which are crucial in mood regulation and mental health treatments.