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 neurological and psychiatric disorders. Its structure allows for the development of potential drug candidates that interact with specific receptors in the brain, such as those involved in mood regulation and cognitive function. Additionally, it is explored in the design of enzyme inhibitors, which can be applied in the treatment of diseases like cancer or inflammatory conditions. Researchers also investigate its role in creating novel therapeutic agents due to its unique chemical framework, which can be modified to enhance drug efficacy and selectivity.