Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of compounds with activity on neurotransmitter receptors, making it valuable in the research of antidepressants, antipsychotics, and cognitive enhancers. Also employed in the preparation of kinase inhibitors and other bioactive molecules in medicinal chemistry. Additionally, it serves as a building block in the design of novel compounds for drug discovery due to its favorable solubility and binding properties.