This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the creation of potential drug candidates, particularly those targeting neurological disorders and psychiatric conditions. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, aiding in the development of treatments for conditions like anxiety, depression, and schizophrenia. Additionally, it is used in organic synthesis to create complex molecules for further study in medicinal chemistry and drug discovery processes.