Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents such as antidepressants, antipsychotics, and anxiolytics. Its structure supports binding to various neurotransmitter receptors, making it valuable in drug discovery. Also employed in the preparation of selective serotonin reuptake inhibitors (SSRIs) and other bioactive molecules due to its favorable pharmacokinetic properties. Commonly found in research settings for designing novel therapeutic compounds with improved efficacy and reduced side effects.