Used primarily as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of psychoactive drugs and antipsychotics. Its structure supports binding to central nervous system receptors, making it valuable in creating compounds that modulate serotonin, dopamine, and other neurotransmitter activities. Commonly employed in research settings for designing new active pharmaceutical ingredients with improved selectivity and reduced side effects. Also utilized in the preparation of analogs for structure-activity relationship studies in neuropharmacology.