Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) targeting central nervous system disorders and psychiatric conditions. Its structure allows for functionalization in drug design, making it valuable in creating analogs with enhanced binding affinity to specific receptors. Commonly employed in medicinal chemistry research for optimizing lead compounds in early-stage drug discovery. Also utilized in the preparation of kinase inhibitors and receptor modulators due to its favorable solubility and stability properties in synthetic pathways.