Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research targeting central nervous system disorders. It serves as a building block for developing dopamine and serotonin receptor modulators. Its structure allows functionalization at multiple sites, making it valuable in medicinal chemistry for creating analogs with potential antipsychotic, antidepressant, or anti-Parkinson activity. Also employed in the preparation of kinase inhibitors and other heterocyclic systems in drug discovery programs.