Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of receptor modulators, especially those targeting dopamine and serotonin receptors. Commonly employed in research for novel psychoactive substances and medicinal chemistry projects aiming at neurodegenerative diseases or psychiatric disorders. Also utilized in the preparation of analogs for structure-activity relationship (SAR) studies due to its favorable binding properties and metabolic stability.