Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in the development of central nervous system (CNS) agents. Its structural features make it valuable for designing compounds with receptor affinity, including dopamine and serotonin modulators. Commonly employed in medicinal chemistry for optimizing drug candidates due to its favorable solubility and binding properties. Also utilized in the preparation of kinase inhibitors and other therapeutic agents targeting neurological disorders and inflammation.