This chemical is primarily utilized in research and development within the field of organic chemistry, particularly in the synthesis of complex molecules. Its structure makes it a valuable intermediate in the preparation of pharmaceuticals, especially those targeting neurological or psychiatric conditions. The compound's reactivity allows for the creation of derivatives that can be tested for biological activity, aiding in drug discovery. Additionally, it may be employed in the study of enzyme inhibition or receptor binding mechanisms, contributing to the understanding of biochemical pathways. Its application is largely confined to laboratory settings, where it serves as a building block for more specialized compounds.