Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It is commonly employed in the production of antidepressants, antipsychotics, and anxiolytic drugs due to its ability to modulate neurotransmitter receptors such as serotonin and dopamine. Its structural features make it valuable in medicinal chemistry for designing bioactive molecules with improved selectivity and potency. Also utilized in research settings for generating novel compound libraries in drug discovery programs.