This chemical is primarily used in pharmaceutical research and development, particularly as an intermediate in the synthesis of various biologically active compounds. It is often employed in the creation of potential drug candidates targeting neurological and psychiatric disorders, such as anxiety, depression, and schizophrenia, due to its structural similarity to molecules that interact with central nervous system receptors. Additionally, it may be utilized in the study of enzyme inhibition and receptor binding assays to better understand biochemical pathways and develop therapeutic agents. Its role in medicinal chemistry underscores its importance in advancing treatments for complex health conditions.