Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of certain drugs. It is particularly valuable in the development of medications targeting central nervous system disorders, such as antidepressants and antipsychotics. Its structure allows for effective interaction with biological receptors, making it a crucial component in the design of therapeutic agents. Additionally, it finds application in research settings for studying biochemical pathways and drug mechanisms. Its role in creating specialized chemical compounds highlights its importance in advancing medical and pharmacological sciences.