This chemical is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological disorders. Its structural framework is valuable in the design of molecules that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression and anxiety. Additionally, it is explored for its potential applications in the study of enzyme inhibition, contributing to the development of novel therapeutic agents.