Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of bioactive molecules due to the presence of a primary amine and a rigid cyclobutyl ring, which can enhance binding selectivity and metabolic stability. Commonly employed in the preparation of serotonin and dopamine receptor modulators. Also utilized in medicinal chemistry research for optimizing drug candidates targeting neurological disorders such as depression, anxiety, and Parkinson’s disease. The compound’s fused benzofuran moiety contributes to improved lipophilicity and membrane permeability, making it suitable for blood-brain barrier penetration.