This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique structure makes it valuable for developing drugs targeting the central nervous system, particularly for conditions like anxiety, depression, and neurodegenerative disorders. Additionally, it serves as a building block in the creation of molecules with potential analgesic and anti-inflammatory properties. Researchers also explore its use in designing novel therapeutic agents due to its ability to interact with specific biological receptors, enhancing drug efficacy and selectivity.