Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. It plays a role in the preparation of antipsychotic and antidepressant drugs due to the benzoisoxazole scaffold's ability to interact with neurotransmitter receptors. Its amine functionality allows for easy derivatization, making it valuable in medicinal chemistry for constructing biologically active molecules. Commonly employed in research settings for designing novel therapeutics targeting neurological disorders.