Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators, particularly targeting 5-HT1A and 5-HT2A receptors. Its structure supports the development of central nervous system agents, including potential antipsychotics and antidepressants. Also explored for its role in improving metabolic stability and bioavailability in drug candidates due to enhanced solubility and binding affinity. Investigated in the design of kinase inhibitors for oncology applications.