This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target neurological disorders, particularly those affecting cognitive functions. Its structural properties make it suitable for developing molecules that interact with specific receptors in the brain, aiding in the treatment of conditions like Alzheimer's disease and other forms of dementia. Additionally, it is employed in research settings to study the biochemical pathways involved in neurotransmission, providing insights into the development of novel therapeutic agents. Its versatility also extends to the creation of bioactive compounds used in experimental pharmacology to explore new treatment options for mental health disorders.