This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. It is often incorporated into the development of drugs targeting the central nervous system, particularly in the design of molecules that interact with neurotransmitter receptors. Its structure is particularly valuable in creating compounds with potential antidepressant, anxiolytic, or antipsychotic properties. Additionally, it is explored in the research and development of treatments for neurological disorders due to its ability to modulate specific biochemical pathways. The compound’s versatility also makes it a candidate for use in the synthesis of agrochemicals, where it may contribute to the creation of novel pesticides or herbicides.