Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active agents. Its structure supports the creation of compounds with neuroactive properties, including antidepressants and antipsychotics. Commonly employed in medicinal chemistry for building blocks in heterocyclic compound design. Also utilized in the preparation of receptor ligands targeting serotonin and dopamine pathways. Shows relevance in research settings for developing novel therapeutic candidates.