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 the creation of selective receptor modulators, especially for neurological targets such as dopamine and serotonin receptors. Commonly employed in research settings to design potential antipsychotic, antidepressant, or cognitive-enhancing drugs. Also utilized in medicinal chemistry for scaffold modification to improve drug potency, selectivity, and metabolic stability.