Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. It serves as a building block for compounds with potential antipsychotic and neuroleptic activity. Its structure allows for selective binding to dopamine and serotonin receptors, making it valuable in the design of atypical antipsychotics. Also employed in medicinal chemistry research for optimizing drug candidates targeting neurological disorders such as schizophrenia and bipolar disorder. Its bromine functionality enables further derivatization through cross-coupling reactions, facilitating the creation of diverse compound libraries for biological screening.