This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structure is valuable in the design of molecules that interact with specific receptors in the brain, making it a crucial component in the creation of potential drugs for conditions such as anxiety, depression, and schizophrenia. Additionally, it is explored in the development of enzyme inhibitors and other therapeutic agents due to its unique chemical framework.