This chemical is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical compounds. Its structural features make it valuable in the development of drugs targeting the central nervous system, particularly those aimed at treating neurological disorders such as Parkinson's disease and schizophrenia. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways and the design of more effective therapeutic agents. Its versatility also extends to research applications in organic synthesis, where it is used to build complex molecules with potential pharmacological activity.