This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and psychological conditions. It serves as a key intermediate in the production of certain antidepressants and antipsychotic drugs, aiding in the modulation of neurotransmitter activity in the brain. Additionally, it is employed in research settings to study the effects of chemical modifications on drug efficacy and receptor binding. Its role in organic synthesis also extends to the development of novel compounds with potential therapeutic applications.