Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves as a building block in the production of selective receptor modulators, including those targeting serotonin and dopamine receptors. Commonly employed in research settings for the creation of novel psychoactive drugs and potential treatments for neurological disorders such as depression, anxiety, and schizophrenia. Its structure facilitates binding to various neuroreceptors, making it valuable in medicinal chemistry for optimizing drug efficacy and selectivity.