Used 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 bioactive molecules with potential antidepressant and neuroprotective effects. Commonly employed in medicinal chemistry for constructing fluorinated analogs to enhance metabolic stability and blood-brain barrier penetration. Also utilized in the preparation of selective serotonin reuptake inhibitors (SSRIs) and related psychotropic drugs due to its favorable electronic and steric properties.