Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active agents. It serves as a building block for compounds with potential antidepressant, anxiolytic, and neuroprotective properties. Its structure allows for modification to enhance blood-brain barrier penetration, making it valuable in medicinal chemistry. Also utilized in the preparation of receptor ligands targeting serotonin and dopamine pathways. Additionally, it finds use in research settings for creating novel bioactive molecules and in the design of small molecule probes for neurological studies.