This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its structure makes it a valuable building block for developing potential therapeutic agents, particularly in the design of central nervous system (CNS) drugs. Researchers have explored its role in creating compounds that may exhibit neuroprotective, antidepressant, or anxiolytic properties. Additionally, it is used in the study of enzyme inhibition, particularly targeting enzymes involved in neurological pathways. Its versatility in organic synthesis also allows for the development of novel molecules with potential applications in treating neurodegenerative diseases or mood disorders.