Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of bioactive molecules with potential antipsychotic, antidepressant, or analgesic effects. Commonly employed in medicinal chemistry for modifying pharmacokinetic properties such as solubility and blood-brain barrier penetration. Also utilized in the preparation of enzyme inhibitors and receptor modulators due to its favorable conformational and electronic characteristics.