Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of selective receptor modulators, including those targeting serotonin and dopamine pathways. Commonly employed in the preparation of antidepressants and antipsychotic agents due to the presence of functional groups that enhance binding affinity and metabolic stability. Also utilized in the manufacture of fluorinated analogs for improved bioavailability and blood-brain barrier penetration.