Used in pharmaceutical research as an intermediate in the synthesis of biologically active compounds. Its structure supports the development of molecules with potential cardiovascular and central nervous system activity. Commonly employed in medicinal chemistry for creating analogs in structure-activity relationship (SAR) studies. Also utilized in the preparation of receptor ligands, particularly in serotonin and dopamine pathway investigations. Shows value in the design of ester-based prodrugs due to its favorable hydrolysis profile.