This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structural properties make it valuable for creating molecules that interact with specific receptors in the brain, aiding in the development of potential therapeutic agents. Additionally, it finds application in organic synthesis, where it is used to construct complex heterocyclic compounds that are essential in drug discovery and medicinal chemistry. Its versatility and reactivity make it a crucial component in the design of novel pharmaceutical candidates.