Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a building block for dopamine and serotonin receptor modulators, which are relevant in treating neurological and psychiatric disorders such as depression, schizophrenia, and Parkinson’s disease. Its structure allows for selective modifications, enhancing drug potency and bioavailability. Also employed in medicinal chemistry research for designing novel heterocyclic compounds with potential therapeutic activity.