This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its structure is particularly valuable in the development of molecules with potential therapeutic effects, often targeting neurological and psychiatric disorders. Researchers explore its derivatives for their ability to modulate specific receptors or enzymes in the body, making it a crucial component in drug discovery pipelines. Additionally, its unique framework is studied for applications in creating novel compounds with anti-inflammatory, antimicrobial, or anticancer properties. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for designing complex molecules with tailored biological activities.