Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of highly selective receptor modulators, making it valuable in the research of antipsychotic and anticonvulsant drugs. The iodine moiety allows for further functionalization through cross-coupling reactions, enabling rapid diversification in drug discovery programs. Additionally, its benzhydryl group contributes to enhanced lipophilicity and blood-brain barrier penetration, which is advantageous in designing neuroactive molecules.