Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports binding to neuronal receptors, making it valuable in the creation of drugs targeting psychiatric and neurological disorders. Commonly employed in medicinal chemistry for optimizing potency and selectivity in receptor ligands, especially for dopamine and serotonin receptor modulators. Also utilized in research settings to develop novel analogs for structure-activity relationship (SAR) studies.