Used primarily in pharmaceutical research as a key intermediate in the synthesis of antipsychotic agents. It exhibits affinity for dopamine and serotonin receptors, making it valuable in the development of drugs targeting central nervous system disorders such as schizophrenia and depression. Its structure allows for modification to enhance selectivity and reduce side effects in final drug compounds. Also investigated for potential use in positron emission tomography (PET) tracer development due to its receptor-binding properties.