This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its unique structure allows it to act as a building block for creating molecules that interact with specific receptors in the brain, making it valuable in the design of potential therapeutic agents. Additionally, it is explored in the synthesis of novel materials with potential applications in advanced chemical technologies. Its versatility and reactivity make it a significant compound in medicinal chemistry and drug discovery efforts.