Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of central nervous system agents and receptor modulators. Its structure supports the design of molecules with enhanced selectivity and binding affinity. Also employed in the preparation of novel derivatives for screening in neurodegenerative disease studies and psychiatric disorder treatments. Shows utility in medicinal chemistry due to its ability to cross blood-brain barrier in model systems, making it suitable for neuroactive drug candidates. Additionally, applied in the synthesis of kinase inhibitors and receptor antagonists in oncology-related research.