Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. Its structural features make it suitable for developing serotonin receptor modulators and potential antidepressant or anxiolytic agents. Also explored in the design of novel ligands for neuroimaging studies due to its affinity for specific neural receptors. Additionally, it serves as a building block in the preparation of functionalized piperazine derivatives for drug discovery programs.