Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of compounds with potential antidepressant and anxiolytic properties. Its structure is valuable in research for creating molecules that interact with serotonin and dopamine receptors, aiding in the treatment of mood disorders. Additionally, it is explored in the creation of novel therapeutic agents for neurological conditions due to its ability to influence neurotransmitter activity.