Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules that target central nervous system disorders. Its structure allows for selective modification, making it valuable in creating analogs for drug discovery. Commonly employed in alkylation reactions due to the reactive bromoethyl group, enabling attachment to various heterocycles or functionalized chains. Also utilized in the preparation of receptor ligands, including those for serotonin and dopamine receptors. Suitable for use in solid-phase synthesis and medicinal chemistry research where controlled substitution is required.