Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and antidepressants. Its structure allows for modification into bioactive molecules, making it valuable in medicinal chemistry research. Commonly employed in the preparation of selective serotonin reuptake inhibitors (SSRIs) and related compounds due to its ability to mimic neurotransmitter scaffolds. Also utilized in the creation of novel analogs for drug discovery programs targeting neurological disorders.