Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active agents. It serves in the preparation of alkaloid derivatives with potential antihypertensive, antitumor, and neuroprotective properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic compounds. Also employed in research settings to design selective receptor ligands, especially targeting dopamine and serotonin receptors.