Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of agents targeting central nervous system disorders. Its structure supports the creation of bioactive molecules due to the stability and binding affinity provided by the benzodioxane ring. Commonly employed in medicinal chemistry for constructing drug candidates with improved metabolic resistance and receptor selectivity. Also utilized in research settings for designing novel compounds with potential antidepressant, anxiolytic, or anticonvulsant activities.