Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves as a building block in medicinal chemistry for creating analogs with potential antipsychotic, antidepressant, or analgesic activity. Its structure supports binding to various neurological receptors, making it valuable in drug discovery research. Also employed in the preparation of selective enzyme inhibitors and receptor modulators due to its favorable pharmacokinetic properties and structural stability.