Used primarily in pharmaceutical research as a key intermediate in the development of central nervous system (CNS) active compounds. It exhibits affinity for serotonin and dopamine receptors, making it valuable in the synthesis of potential antipsychotic and antidepressant agents. Its structure supports blood-brain barrier penetration, which is critical for neuroactive drug design. Also investigated for use in cognitive enhancers and treatments for neurodegenerative disorders due to its neuroprotective and receptor modulating properties.