This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active compounds. It is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, including anxiety and depression, due to its structural similarity to compounds that interact with serotonin receptors. Additionally, it serves as a building block in the creation of novel molecules for drug discovery programs, especially those focused on central nervous system (CNS) diseases. Its unique structure allows for further chemical modifications, enabling researchers to explore its pharmacological properties and optimize drug candidates for enhanced efficacy and selectivity.