Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its structure serves as a core scaffold in the development of central nervous system agents, including potential antipsychotic and antidepressant drugs. It is also employed in the synthesis of alkaloid derivatives and heterocyclic compounds with medicinal properties. Due to its hydrogen-donor capability, it finds use in catalytic reduction processes and as a building block in the construction of complex nitrogen-containing ring systems.