This chemical is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly those targeting neurological disorders. Its unique structure makes it valuable for creating compounds that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like Alzheimer's disease or Parkinson's disease. Additionally, it is explored for its potential in designing novel drugs with enhanced efficacy and reduced side effects. Researchers also investigate its role in synthesizing bioactive molecules for anti-inflammatory and anticancer applications.