Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and central nervous system (CNS) active agents. Its structure allows for selective modification in drug design, making it valuable in creating potent and selective bioactive molecules. Commonly employed in medicinal chemistry research for constructing complex heterocyclic systems involved in signal transduction pathways. Also utilized in the preparation of serotonin and dopamine receptor modulators due to its affinity for neural targets.