Used primarily in pharmaceutical research as a synthetic intermediate for developing bioactive molecules. Shows potential in the synthesis of central nervous system agents due to its structural similarity to known neuroactive compounds. Also investigated for use in the development of novel antidepressants and cognitive enhancers. Its scaffold is explored in medicinal chemistry for optimizing receptor binding, particularly in serotonin and dopamine pathways. Additionally employed in the preparation of enzyme inhibitors and receptor modulators in preclinical studies.