This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological disorders. Its unique structure makes it valuable for designing molecules that interact with specific receptors in the brain, potentially aiding in the treatment of conditions such as anxiety, depression, and cognitive impairments. Additionally, it is explored in the development of novel therapeutic agents due to its potential to enhance drug efficacy and selectivity. Researchers also investigate its role in creating compounds with antioxidant properties, which could be beneficial in mitigating oxidative stress-related diseases.