This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into molecules designed to interact with specific receptors in the brain, making it valuable in the development of potential treatments for conditions such as anxiety, depression, and cognitive impairments. Additionally, it is explored for its role in creating novel compounds with potential anti-inflammatory or antioxidant properties, contributing to advancements in drug discovery and therapeutic innovation.