Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves in the preparation of selective receptor modulators, including those targeting serotonin and dopamine pathways. Its structure allows for functionalization in heterocyclic compounds, making it valuable in medicinal chemistry for drug discovery. Commonly employed in research settings to build complex molecules with potential antidepressant, anxiolytic, or antipsychotic activity. Also utilized in the creation of chiral building blocks for asymmetric synthesis.