This chemical is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique structure makes it valuable for developing drugs that target the central nervous system, particularly in the treatment of neurological disorders such as anxiety, depression, and schizophrenia. Additionally, it is employed in the creation of receptor ligands that modulate neurotransmitter activity, aiding in the research and development of new therapeutic agents. Its versatility also extends to its use in organic synthesis, where it acts as a building block for more complex molecules with potential biological activity.