This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting central nervous system disorders. Its structure is often incorporated into molecules designed to interact with specific receptors or enzymes in the brain, making it valuable for creating potential treatments for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, it is explored in the development of kinase inhibitors, which are crucial in cancer research, as they can modulate cell signaling pathways involved in tumor growth and progression. Researchers also investigate its role in designing novel therapeutic agents due to its ability to enhance pharmacokinetic properties, such as solubility and bioavailability, in drug candidates.