This chemical is primarily utilized in the field of medicinal chemistry and pharmacology due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting the central nervous system. Its derivatives have been explored for their potential therapeutic effects in treating neurological disorders such as Parkinson's disease and schizophrenia. Additionally, it has shown promise in the development of novel antipsychotic and neuroprotective agents. Researchers also investigate its role in modulating specific receptors in the brain, which could lead to advancements in mental health treatments. Its application extends to the study of enzyme inhibition, contributing to the design of more effective drugs with fewer side effects.