Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. It serves as a building block for compounds exhibiting antipsychotic, antidepressant, and anxiolytic activities. Its structure allows for easy modification to enhance binding affinity to neurotransmitter receptors such as serotonin and dopamine receptors. Commonly employed in medicinal chemistry research for optimizing drug candidates targeting neurological and psychiatric disorders. Also utilized in the preparation of novel heterocyclic compounds for structure-activity relationship (SAR) studies.