Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research targeting central nervous system disorders. Its structure allows for selective modifications, making it valuable in developing serotonin receptor modulators. The aldehyde and hydroxy groups enable further functionalization through reactions like reductive amination, Wittig chemistry, or etherification, while the Boc-protected scaffold ensures stability during multi-step syntheses. Commonly employed in medicinal chemistry for constructing novel heterocyclic systems with potential therapeutic effects.