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 modification for dopaminergic and serotonergic receptor targeting, making it valuable in research for treating neurological disorders such as depression, anxiety, and schizophrenia. Also employed in the preparation of selective enzyme inhibitors due to its ability to fit into specific biological binding sites. Commonly utilized in medicinal chemistry for lead optimization in drug discovery programs.