This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive compounds. It serves as a key intermediate in the creation of drugs targeting the central nervous system, including potential treatments for neurological disorders such as depression, anxiety, and schizophrenia. Its structure allows it to interact with various receptors in the brain, making it valuable for designing molecules with specific therapeutic effects. Additionally, it is explored in the development of ligands for studying receptor binding and signal transduction pathways, aiding in the understanding of complex biological processes. Its applications also extend to the field of medicinal chemistry, where it is used to optimize drug candidates for improved efficacy and reduced side effects.