Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators, particularly targeting 5-HT6 and 5-HT7 receptors for potential treatment of neurological disorders such as Alzheimer's disease and schizophrenia. Also employed in the development of kinase inhibitors for oncology applications. Its amine functionality allows for easy derivatization, making it valuable in medicinal chemistry for building bioactive molecules.