Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents such as certain antidepressants and antipsychotics. Its structural features make it valuable in medicinal chemistry for modulating receptor binding, especially at serotonin and dopamine receptors. Also employed in the preparation of bioactive molecules where conformational restriction is needed to enhance potency and selectivity. Commonly found in research settings for designing novel neuroactive compounds.