Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of receptor-targeted drugs. Its structure supports the creation of chiral compounds important in central nervous system therapies. Commonly employed in medicinal chemistry for constructing imidazole-based bioactive molecules. Also utilized in radiolabeled forms for imaging studies due to the presence of iodine, enabling potential use in diagnostic applications such as PET or SPECT imaging. Serves as a building block in asymmetric synthesis for drug discovery programs focusing on high selectivity and potency.