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 bioactive compounds, particularly those targeting neurological disorders. Its structural framework is often explored for developing potential therapeutic agents that interact with specific receptors in the central nervous system. Additionally, it is investigated for its role in creating novel molecules with potential analgesic or anti-inflammatory properties. Researchers also study its derivatives for their potential application in treating conditions like depression, anxiety, and chronic pain, making it a valuable compound in drug discovery and development.