Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and receptor modulators. Its structure supports the creation of bioactive molecules due to the presence of both a tertiary amine and a hydroxyl group, enabling hydrogen bonding and improved solubility. Commonly employed in the production of analgesics, antipsychotics, and cognitive enhancers. Also utilized in the design of novel drug candidates for neurological disorders owing to its favorable pharmacokinetic properties and ability to cross biological membranes.