Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. Its structure supports binding to neuronal receptors, making it valuable in creating compounds that modulate neurotransmitter activity. Commonly employed in the preparation of selective receptor agonists or antagonists for neurological research. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to enhance potency and selectivity in target molecules.