Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) with central nervous system activity. It serves as a building block in the preparation of receptor agonists and antagonists, especially for serotonin and dopamine receptors. Commonly employed in the production of psychotropic drugs and antipsychotic agents due to its structural compatibility with bioactive molecules. Also utilized in research settings for the design of novel heterocyclic compounds with potential therapeutic effects. Its functional groups allow for easy modification in multi-step organic syntheses, making it valuable in medicinal chemistry.