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 and psychiatric disorders. Its structure is often modified to develop potential therapeutic agents that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Additionally, it is explored for its potential in creating novel analgesics or anti-inflammatory drugs due to its ability to influence certain biochemical pathways. Researchers also investigate its role in designing molecules for treating chronic pain or mood-related conditions, leveraging its unique chemical framework for enhanced efficacy and selectivity.