This chemical is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its structure is valuable in the synthesis of ligands that interact with specific receptors in the brain, making it useful for studying and treating conditions like depression, anxiety, and addiction. Additionally, it is employed in the creation of novel drug candidates due to its ability to modify and enhance pharmacological properties. Researchers also utilize it in the design of molecules for probing biochemical pathways and understanding disease mechanisms.