This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting the central nervous system. Its structure is often incorporated into molecules designed to interact with neurotransmitter receptors, making it valuable in the development of potential treatments for neurological and psychiatric disorders. Additionally, it is explored in the creation of novel drug candidates for conditions such as anxiety, depression, and other mood-related illnesses. Researchers also investigate its potential in modulating specific pathways to achieve therapeutic effects.