This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its unique structure allows it to act as a building block for creating molecules that interact with specific receptors in the brain, potentially leading to the development of new therapeutic agents. Additionally, it is explored in the study of enzyme inhibition and receptor modulation, contributing to advancements in understanding disease mechanisms and drug design. Its applications are largely confined to laboratory settings, where it aids in the discovery and optimization of novel drug candidates.