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 disorders. Its structural features make it suitable for developing molecules that interact with specific receptors in the brain, such as serotonin or dopamine receptors, which are critical in treating conditions like depression, anxiety, and schizophrenia. Additionally, it is explored in the development of potential therapeutics for pain management and neurodegenerative diseases due to its ability to modulate neurotransmitter systems. Researchers also investigate its role in creating novel drug candidates with improved efficacy and reduced side effects.