Used primarily as a chemical intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a building block in the production of selective serotonin reuptake inhibitors (SSRIs) and other antidepressant drugs. Its structure allows for easy modification, making it valuable in medicinal chemistry for creating analogs with improved pharmacokinetic properties. Also employed in research settings to develop novel ligands for neurotransmitter receptors, especially 5-HT1A and dopamine receptors. Due to its reactivity, it is useful in forming amide and urea derivatives for drug discovery programs.