Used in the synthesis of pharmaceutical intermediates, particularly in the development of centrally acting agents targeting neurological disorders. Its structural features make it valuable in creating compounds with activity at monoaminergic receptors, including serotonin and dopamine pathways. Commonly employed in research settings for optimizing drug candidates related to mood regulation, pain management, and cognitive function. The hydroxyl and tertiary amine groups allow for further chemical modifications, enhancing its utility in medicinal chemistry.