This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting central nervous system disorders. Its structure is often incorporated into molecules designed to interact with specific receptors or enzymes in the body, making it valuable for creating potential therapeutic agents. Additionally, it is explored in the development of small-molecule inhibitors for treating diseases such as cancer, inflammation, and neurodegenerative conditions. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating complex molecular architectures.