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 creating active pharmaceutical ingredients due to its favorable structural and pharmacokinetic properties. Commonly found in research settings for drug discovery, especially in the design of serotonin and dopamine receptor modulators. Also utilized in the preparation of compounds with potential anxiolytic, antidepressant, or antipsychotic activity. Its derivatives are explored in medicinal chemistry for optimizing receptor selectivity and improving metabolic stability.