Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antidepressants, antipsychotics, and other central nervous system (CNS) active agents. Its structure is incorporated into various drug candidates due to its affinity for neurotransmitter receptors such as serotonin and dopamine receptors. Commonly found in research and development of novel psychoactive substances and medicinal chemistry projects aiming at treating mood and behavioral disorders. Also utilized in the preparation of ligands for receptor binding studies.