Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules targeting central nervous system disorders. Its structural features make it valuable in medicinal chemistry for optimizing receptor binding and improving pharmacokinetic properties. Commonly employed in research settings to design analogs with enhanced selectivity and potency. Also utilized in the preparation of ligands for serotonin and dopamine receptors. Suitable for use in structure-activity relationship (SAR) studies due to its modifiable framework.