Used primarily as a pharmaceutical intermediate in the synthesis of active drug substances, particularly in the development of central nervous system (CNS) agents. It serves as a key building block in the production of selective receptor modulators, including those targeting dopamine and serotonin receptors. Its structural features make it valuable in medicinal chemistry for optimizing pharmacokinetic properties such as blood-brain barrier penetration and metabolic stability. Also utilized in research settings for generating novel analogs in structure-activity relationship (SAR) studies.