Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in creating compounds targeting neurological and psychiatric disorders, such as antipsychotics and antidepressants. Additionally, it is employed in the production of drugs that modulate neurotransmitter systems, aiding in the treatment of conditions like Parkinson's disease and schizophrenia. Its role in medicinal chemistry underscores its importance in advancing treatments for complex brain-related illnesses.