Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. Its structure supports the development of serotonin receptor modulators, making it valuable in the discovery of new antidepressants and antipsychotic agents. Also employed in the preparation of kinase inhibitors for potential anticancer therapies. Due to its functional groups, it is suitable for derivatization in medicinal chemistry campaigns aiming at structure-activity relationship studies.