This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structural properties make it valuable in the development of potential drugs that interact with specific receptors or enzymes in the brain, aiding in the treatment of conditions such as depression, anxiety, and neurodegenerative diseases. Additionally, it is explored in the creation of novel therapeutic agents due to its ability to modulate biochemical pathways effectively.