This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active compounds. It serves as a key intermediate in the production of various therapeutic agents, especially those targeting the central nervous system. Its structure is valuable in creating molecules that interact with neurotransmitter receptors, making it relevant for potential treatments of neurological and psychiatric disorders. Additionally, it is explored in medicinal chemistry for its potential to modulate specific pathways or enzymes, contributing to the development of novel drugs with improved efficacy and safety profiles.