This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of drugs that target the central nervous system. It serves as a key intermediate in the production of certain antidepressants and antipsychotic medications, aiding in the modulation of neurotransmitter activity. Additionally, it is employed in organic synthesis to create complex molecules with potential therapeutic applications. Its role in chemical research also extends to the development of novel compounds for studying biochemical pathways and receptor interactions.