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 bioactive compounds, particularly those targeting neurological disorders. Its structural features make it suitable for developing molecules that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression, anxiety, and cognitive impairments. Additionally, it is explored in the design of novel drugs due to its ability to enhance pharmacokinetic properties, such as bioavailability and metabolic stability. Researchers also investigate its potential in creating inhibitors for enzymes involved in disease pathways, making it a valuable component in drug discovery and development.