Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structural features make it valuable in creating selective receptor modulators, including those targeting serotonin and dopamine receptors. Commonly employed in the preparation of antipsychotic and antidepressant drugs due to its ability to influence neurotransmitter activity. Also utilized in medicinal chemistry research for optimizing drug candidates with improved bioavailability and binding affinity.