Used primarily in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) drugs. It acts as a key intermediate in the production of compounds that target serotonin and dopamine receptors, making it valuable for creating antipsychotic and antidepressant medications. Additionally, it finds application in research settings for studying neurotransmitter pathways and receptor interactions. Its role in organic synthesis also extends to the creation of novel chemical entities for potential therapeutic use.