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 is valuable in designing molecules that interact with specific receptors in the brain, making it useful for creating potential treatments for conditions like depression, anxiety, and schizophrenia. Additionally, it is employed in organic synthesis to develop novel compounds with potential therapeutic applications. Its versatility and reactivity make it a valuable tool in medicinal chemistry for exploring new drug candidates.