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 biologically active compounds, particularly those targeting central nervous system disorders. Researchers often employ it in the development of potential drug candidates due to its unique structural properties, which allow for the creation of molecules with specific receptor-binding capabilities. Additionally, it is used in the study of enzyme inhibition and as a building block for designing novel therapeutic agents. Its applications extend to the exploration of new treatments for conditions such as anxiety, depression, and other neurological diseases.