This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of drugs that act on the central nervous system, such as antipsychotics and antidepressants. Additionally, it is employed in the development of compounds with potential therapeutic effects on conditions like anxiety and depression. Its role in medicinal chemistry is significant due to its ability to modulate neurotransmitter systems, making it valuable for creating molecules with specific biological activities. Researchers also explore its use in designing ligands for receptor studies, aiding in the understanding of biochemical pathways and drug mechanisms.