Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves as a building block for compounds with potential antidepressant, anxiolytic, and stimulant properties. Its structural features make it valuable in medicinal chemistry for modifying pharmacokinetic and pharmacodynamic profiles of drug candidates. Also utilized in research settings for the preparation of analogs in structure-activity relationship (SAR) studies.