Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. Its structure supports binding to neurotransmitter receptors, making it valuable in the creation of compounds targeting psychiatric and neurological disorders such as depression, anxiety, and schizophrenia. Commonly employed in medicinal chemistry for lead optimization due to its favorable pharmacokinetic properties and ability to enhance blood-brain barrier penetration. Also utilized in the preparation of selective kinase inhibitors and receptor antagonists in research settings.