Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of selective receptor modulators, making it valuable in research for antidepressants and antipsychotic drugs. The presence of both aromatic and heterocyclic components enhances binding affinity to neurotransmitter receptors. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates targeting dopamine and serotonin pathways.