Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds. It is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as anxiety and depression, due to its structural similarity to compounds that interact with serotonin and dopamine receptors. Additionally, it is explored in the design of ligands for receptor binding studies, aiding in the understanding of biochemical pathways and drug discovery processes. Its 5-bromo substituent allows for further functionalization, making it versatile in medicinal chemistry applications.