Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. Its structure supports the development of agents that modulate serotonin and dopamine pathways, making it valuable in the research of antidepressants, anxiolytics, and antipsychotic drugs. The compound’s scaffold is also explored in the design of selective receptor agonists and antagonists due to its affinity for central nervous system receptors. Additionally, it serves as a building block in medicinal chemistry for creating novel heterocyclic compounds with potential bioactivity.