Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various psychoactive drugs. It plays a significant role in the development of compounds that target serotonin and dopamine receptors, making it valuable for studying neurological disorders such as depression and anxiety. Additionally, it is utilized in the creation of potential therapeutic agents for treating psychiatric conditions. Its application extends to chemical studies exploring receptor binding affinity and selectivity, aiding in the design of more effective and targeted medications.