Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of receptor modulators, especially for serotonin and dopamine receptors, making it valuable in research for antidepressants, antipsychotics, and anxiolytic drugs. Also utilized in the preparation of novel bioactive molecules for medicinal chemistry screening and structure-activity relationship (SAR) studies.