This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of drugs that modulate neurotransmitter systems, such as GABA and dopamine receptors. Its structural properties make it valuable in the development of potential treatments for anxiety, depression, and other central nervous system-related conditions. Additionally, it is employed in research settings to study the biochemical pathways and mechanisms of action of these therapeutic agents. Its versatility in organic synthesis also allows for the creation of novel compounds with potential applications in medicinal chemistry.