Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of selective receptor modulators. Exhibits utility in research settings for designing drugs targeting central nervous system disorders due to its ability to cross the blood-brain barrier. Also employed in the preparation of analogs for structure-activity relationship studies, aiding in the optimization of pharmacokinetic properties. Its stability and functional group compatibility make it suitable for use in combinatorial chemistry and high-throughput screening assays.