This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders. Its structure allows for modifications that can lead to the creation of compounds with potential therapeutic effects. Additionally, it is used in research settings to explore new chemical reactions and pathways, contributing to advancements in medicinal chemistry. Its role in the synthesis of complex molecules makes it valuable in the development of new treatments and the study of biochemical processes.