This chemical is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various pharmaceutical compounds, particularly those targeting the central nervous system. Its structural features make it valuable in the development of drugs that interact with neurotransmitter receptors, potentially aiding in the treatment of neurological disorders such as depression, anxiety, and schizophrenia. Additionally, it is explored in research for its potential role in creating novel therapeutic agents with improved efficacy and reduced side effects. Its application extends to the study of biochemical pathways and drug-receptor interactions, contributing to advancements in drug discovery and development.