Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of serotonin receptor modulators. It plays an important role in the production of compounds with potential anxiolytic and antidepressant effects. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for optimizing drug candidates targeting central nervous system disorders. Additionally, it is employed in research settings to explore new bioactive molecules and in the preparation of analogs for structure-activity relationship studies.