Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves as a building block in creating selective receptor antagonists and has been explored in the research of antipsychotic and antidepressant drugs. Its structural features make it valuable in medicinal chemistry for modifying pharmacokinetic properties and enhancing binding affinity to specific neurotransmitter receptors. Also utilized in the preparation of novel bioactive molecules for neurological and psychiatric disorder studies.