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 neurological and psychiatric disorders. Its unique structure allows it to interact with specific receptors in the brain, making it valuable in the development of potential therapeutic agents. Researchers also explore its applications in designing novel drugs with anti-inflammatory or anti-cancer properties. Additionally, its reactivity and stability make it a useful building block in organic synthesis for creating complex heterocyclic compounds.