Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure allows for selective modification in drug design, making it valuable in creating analogs for serotonin and dopamine receptor modulators. Commonly employed in research settings to build more complex molecules with potential antipsychotic, antidepressant, or cognitive-enhancing properties. Also utilized in the preparation of sulfonamide derivatives for biological activity screening.