Used in pharmaceutical synthesis as an intermediate for developing bioactive molecules, particularly in the production of serotonin receptor modulators. Its structure supports the creation of compounds with central nervous system activity, making it valuable in research for antidepressants and antipsychotic drugs. Also employed in the development of novel anti-inflammatory agents due to its ability to influence cellular signaling pathways. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.