Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly those targeting neurological and cardiovascular systems. Its structure supports the development of receptor modulators, including agents with potential antihypertensive and neuroregulatory effects. Also employed in the design of novel compounds for studying central nervous system disorders due to its ability to cross the blood-brain barrier. Investigated for use in positron emission tomography (PET) tracer development owing to its favorable binding characteristics and derivatization potential.