Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) with central nervous system activity. It serves as a building block in the preparation of selective receptor modulators, including those targeting serotonin and dopamine receptors. Its structure supports the creation of compounds with potential antipsychotic, antidepressant, or anxiolytic effects. Also utilized in research settings for medicinal chemistry exploration and library synthesis in drug discovery programs.