Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. It serves in the preparation of selective receptor modulators, including those targeting serotonin and dopamine receptors, which are relevant for treating neurological and psychiatric disorders such as depression, schizophrenia, and anxiety. Its structural features make it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in research settings to design novel bioactive molecules and in structure-activity relationship (SAR) studies to improve pharmacokinetic properties.