Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and antidepressants. Its structure supports the creation of bioactive molecules due to the presence of fused heterocyclic and methoxy-substituted aromatic systems. Commonly employed in medicinal chemistry for constructing novel compounds with potential neuroactive properties. Also utilized in research settings for designing selective serotonin reuptake inhibitors (SSRIs) and related psychotropic drugs.