Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with central nervous system activity. It serves as a building block in the production of certain antidepressants, antipsychotics, and cognitive enhancers due to its ability to modulate neurotransmitter receptors. Its structure allows for easy modification, making it valuable in medicinal chemistry for creating compounds with improved bioavailability and selectivity. Also employed in research settings for designing novel drug candidates and in the preparation of specialty chemicals for biochemical assays.