Used in pharmaceutical synthesis as an intermediate for developing bioactive molecules, particularly in the production of central nervous system agents. Its structure supports the creation of potent receptor ligands, especially for neurological targets such as dopamine and serotonin receptors. Commonly employed in medicinal chemistry for building block approaches in drug discovery, enabling the development of novel therapeutics for psychiatric and neurodegenerative disorders. Also utilized in the preparation of high-affinity probes for biochemical assays and receptor binding studies.