Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system (CNS) active compounds. Its structure supports the creation of bioactive molecules with improved solubility and receptor binding properties. Commonly employed in medicinal chemistry for constructing heterocyclic frameworks found in antidepressants and anxiolytic drugs. Also utilized in research settings to explore new therapeutic agents targeting neurological disorders.