Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of bioactive molecules, including serotonin and dopamine receptor modulators. Commonly employed in research settings to design novel compounds with potential antidepressant, antipsychotic, or cognitive-enhancing effects. Also utilized in medicinal chemistry for scaffold modification to improve drug potency, selectivity, and metabolic stability.