Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents targeting the nervous system. Its structure supports the creation of compounds with selective receptor activity, making it valuable in medicinal chemistry for optimizing drug candidates. Commonly employed in research settings to design analogs with improved bioavailability and binding affinity. Also utilized in the preparation of chiral building blocks for asymmetric synthesis, aiding in the production of enantiomerically pure drugs.