Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and antipsychotic drugs. Its structure allows for selective modification, making it valuable in creating analogs for drug discovery. Commonly employed in research settings to build complex heterocyclic systems with biological activity. Also utilized in the preparation of serotonin and dopamine receptor ligands due to its affinity for neural targets. Suitable for coupling reactions in organic synthesis, especially in forming C–N and C–C bonds under mild conditions.