Used in the synthesis of various pharmaceuticals, particularly in the production of compounds that affect the central nervous system. It serves as a precursor in the creation of drugs that target mood regulation and neurological disorders. Additionally, it is employed in research settings to study neurotransmitter activity and receptor interactions. In some cases, it is utilized in the development of perfumes and flavoring agents due to its aromatic properties. Its role in organic synthesis also extends to the preparation of complex molecules for chemical and biological studies.