Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and anxiolytic agents. It plays a role in the development of serotonin receptor modulators, which are important in treating central nervous system disorders. Its structure allows for effective binding interactions in neurochemical pathways, making it valuable in medicinal chemistry research. Also utilized in the preparation of radiolabeled compounds for brain imaging studies, aiding in the investigation of neurological diseases.