Used primarily in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly those targeting central nervous system disorders. Its structural features make it valuable in developing compounds with affinity for neurotransmitter receptors, including dopamine and serotonin receptors. Commonly employed in the preparation of experimental drugs aimed at treating psychiatric conditions such as schizophrenia and depression. Also utilized in the development of selective enzyme inhibitors due to its ability to enhance binding specificity in molecular design.