Used primarily as an intermediate in the synthesis of pharmaceutical compounds, this chemical plays a key role in the development of certain antidepressants and central nervous system agents. Its structure allows for modification into active drug substances, particularly in the class of psychotropic medications. It is also utilized in research settings for the preparation of analogs in medicinal chemistry. Due to its reactivity, it serves as a building block in forming more complex molecules with biological activity. Handling requires caution as it may be involved in the synthesis of controlled substances.