Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors. Shows potential in medicinal chemistry for targeting neurological disorders due to its structural affinity for central nervous system receptors. Also employed in the design of novel antipsychotic and antidepressant agents through structure-activity relationship optimization. Its chloroacetamide group enables selective alkylation in heterocyclic systems, making it valuable in the preparation of complex drug candidates.