Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) targeting central nervous system disorders and psychiatric conditions. Its structure enables effective modulation of receptor activity, making it valuable in drug design for serotonin and dopamine receptor ligands. Commonly employed in the preparation of kinase inhibitors and antipsychotic agents due to its favorable binding properties and solubility profile. Also utilized in research settings for creating novel bioactive molecules and in the optimization of drug candidates for improved metabolic stability and bioavailability.