Used primarily in the synthesis of pharmaceuticals, particularly in the development of compounds targeting the central nervous system. It serves as a key intermediate in the production of drugs that may exhibit antipsychotic, antidepressant, or anxiolytic properties. Its structural features allow it to interact with serotonin and dopamine receptors, making it valuable in research for treating mental health disorders. Additionally, it is explored in the creation of novel therapeutic agents due to its potential to modulate neurotransmitter activity.