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 unique structure allows it to act as a building block for creating molecules that interact with specific receptors in the brain, making it valuable in the design of potential therapeutic agents. Additionally, it is employed in organic chemistry studies to explore novel reaction pathways and develop new synthetic methodologies. Its application is largely confined to laboratory settings, where it contributes to advancements in drug discovery and chemical innovation.