Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and neurodegenerative disease treatments. Its structure supports the creation of bioactive molecules with dopaminergic and serotonergic activity. Also employed in research for novel antipsychotic and antidepressant drugs due to its ability to interact with neurotransmitter receptors. The compound’s scaffold is valued in medicinal chemistry for optimizing drug-like properties such as metabolic stability and blood-brain barrier penetration.