This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the development of drugs targeting neurological disorders, particularly those involving dopamine receptors. Additionally, it is employed in the creation of small molecule inhibitors that are used in cancer research to study cell signaling pathways. Its structure allows for modifications that enhance the efficacy and selectivity of these therapeutic agents. In medicinal chemistry, it is also explored for its potential in designing compounds with anti-inflammatory and analgesic properties.