Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves in the production of certain antidepressants, antipsychotics, and anxiolytic drugs due to its structural role in enhancing receptor binding. Also utilized in research settings for the design of novel bioactive compounds and in medicinal chemistry for structure-activity relationship (SAR) studies. Its derivative formation supports the optimization of drug candidates with improved metabolic stability and selectivity.