Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of central nervous system agents. Shows potential in the design of serotonin receptor modulators due to its structural similarity to known neuroactive molecules. Also employed in the preparation of novel piperazine derivatives for screening in antidepressant and anxiolytic drug discovery programs. Its methoxy and methyl substitutions enhance lipophilicity and receptor binding selectivity, making it valuable in medicinal chemistry optimization studies.