Used primarily in research settings as an intermediate in the synthesis of pharmaceutical compounds, particularly those targeting central nervous system disorders. It exhibits affinity for serotonin and dopamine receptors, making it valuable in the development of antipsychotic and antidepressant agents. Its structure supports modulation of receptor activity, which is critical in neuropharmacology studies. Also employed in structure-activity relationship (SAR) studies to optimize drug candidates for improved selectivity and efficacy.