Used primarily in the synthesis of pharmaceutical compounds, particularly those targeting the central nervous system. It serves as a key intermediate in the production of drugs that act on serotonin and dopamine receptors, making it valuable in the development of antipsychotic and antidepressant medications. Additionally, its structural properties allow for modifications that enhance the efficacy and selectivity of therapeutic agents. In research, it is utilized to study receptor interactions and to design novel compounds with potential clinical applications. Its role in medicinal chemistry underscores its importance in advancing treatments for mental health disorders.