Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. Shows utility in creating selective receptor modulators due to its ability to cross the blood-brain barrier. Commonly employed in research for potential antipsychotic and antidepressant drugs. Its structure supports high binding affinity to certain G-protein coupled receptors, making it valuable in medicinal chemistry for optimizing drug candidates. Also applied in the preparation of radiolabeled analogs for use in positron emission tomography (PET) imaging studies.