Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a building block for serotonin and dopamine receptor modulators, which are relevant in treating neurological and psychiatric disorders such as depression, anxiety, and schizophrenia. Its structural features allow for selective modification in drug design, enhancing potency and bioavailability in final active pharmaceutical ingredients. Commonly employed in medicinal chemistry research for constructing novel heterocyclic compounds with biological activity.