Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and receptor antagonists. It serves as a building block in the production of selective serotonin reuptake inhibitors (SSRIs) and other neuroactive drugs. Its structural features make it valuable in medicinal chemistry for modifying pharmacokinetic properties such as bioavailability and metabolic stability. Also employed in research settings for designing novel bioactive molecules and in the preparation of compound libraries for drug discovery screening.