Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a building block for receptor modulators, including those targeting serotonin and dopamine pathways. Its structure allows for functionalization in drug design, making it valuable in creating analogs for neuropharmacological research. Also utilized in the preparation of selective enzyme inhibitors and in medicinal chemistry for structure-activity relationship (SAR) studies.