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 central nervous system disorders. Its structure is often incorporated into molecules designed to interact with specific receptors or enzymes in the brain, making it valuable in the creation of potential therapeutic agents. Additionally, it is explored in the development of novel drugs for treating conditions such as anxiety, depression, and neurodegenerative diseases. Its versatility also extends to organic synthesis, where it is used to build more complex chemical structures for further study and application.