This chemical is primarily used in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs targeting neurological disorders, particularly those involving serotonin receptors. Its structure allows for modifications that enhance the efficacy and selectivity of these medications. Additionally, it is employed in research settings to develop new therapeutic agents, especially in the field of mental health. Its role in creating molecules with potential antidepressant and anxiolytic properties makes it valuable in medicinal chemistry.