This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) that target neurological and psychiatric disorders. Its unique structure makes it a valuable intermediate in creating molecules that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression, anxiety, and epilepsy. Additionally, it is employed in organic chemistry research as a building block for more complex cyclic compounds, contributing to the exploration of novel chemical reactions and pathways. Its applications extend to material science, where it is sometimes used in the development of specialized polymers with tailored properties.