This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its structure allows for modifications that can lead to the creation of potent inhibitors or modulators of specific enzymes or receptors in the body. Additionally, it is explored in the development of potential anticancer agents due to its ability to interact with cellular pathways involved in tumor growth and proliferation. Researchers also investigate its role in creating novel anti-inflammatory and antimicrobial agents, leveraging its unique chemical properties to enhance drug efficacy and selectivity.