Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. It serves as a building block for compounds exhibiting anxiolytic, antidepressant, and anticonvulsant activities. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing novel heterocyclic compounds with improved bioavailability and target selectivity. Commonly employed in the preparation of receptor modulators, especially those targeting GABA and serotonin receptors. Also utilized in research settings for high-throughput screening and structure-activity relationship (SAR) studies.