Used primarily in pharmaceutical research as a key intermediate in the synthesis of antipsychotic drugs. Its structure supports the development of compounds that modulate dopamine and serotonin receptors, making it valuable in the design of medications for schizophrenia and other psychiatric disorders. Due to its functional groups, it allows for easy modification to enhance drug potency, selectivity, and metabolic stability. Also investigated for use in CNS-targeted drug discovery programs for its ability to cross the blood-brain barrier effectively.