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 features make it valuable for developing ligands that interact with specific receptors in the brain, such as serotonin or dopamine receptors, which are critical in treating conditions like depression, anxiety, and schizophrenia. Additionally, it is employed in the preparation of chiral compounds, where its stereochemistry plays a crucial role in enhancing the efficacy and selectivity of potential drug candidates. Researchers also explore its use in creating novel molecules for studying biochemical pathways and drug metabolism.