Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. Its structure supports binding to neurotransmitter receptors, making it valuable in creating compounds that modulate serotonin, dopamine, or other neural pathways. Commonly employed in research for antipsychotic, antidepressant, and cognitive-enhancing drug candidates. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its rigid, heterocyclic framework that enhances selectivity and bioavailability in target molecules.