Used as an intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of psychoactive drugs and antipsychotic agents. It plays a role in the construction of complex molecules targeting central nervous system receptors, such as serotonin and dopamine receptors. Commonly utilized in research settings for the preparation of ligands and receptor probes. Also serves as a building block in the production of selective receptor modulators with potential applications in treating neurological and psychiatric disorders.