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 central nervous system disorders. Its structure is valuable for designing molecules with potential therapeutic effects, such as antipsychotic or antidepressant agents. Additionally, it is employed in the preparation of compounds used in studying receptor interactions and enzyme inhibition, aiding in the discovery of new drugs. Its versatility in organic synthesis makes it a crucial component in medicinal chemistry workflows.