This chemical is primarily used in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting the central nervous system. Its structure is often exploited in the development of potential therapeutic agents for neurological disorders, such as Parkinson's disease and schizophrenia, due to its ability to interact with neurotransmitter systems. Additionally, it is utilized in the design of ligands for receptor studies, aiding in the understanding of molecular mechanisms in brain function. Its versatility also extends to the creation of novel compounds with potential analgesic or anti-inflammatory properties.