Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules targeting central nervous system disorders. Its structural features make it valuable for developing compounds with potential antidepressant, anxiolytic, or cognitive-enhancing effects. The presence of multiple functional groups allows for further chemical modifications, enabling the creation of diverse analogs for structure-activity relationship studies. Also explored in the development of serotonin and dopamine receptor modulators due to its affinity for neural targets. Its application is primarily confined to laboratory settings for drug discovery rather than commercial therapeutics.