Used in the synthesis of various pharmaceutical compounds, particularly those targeting the central nervous system. It serves as a key intermediate in the production of drugs that act on neurotransmitter systems, such as dopamine and serotonin receptors. Its structural properties make it valuable in creating molecules with potential therapeutic effects for neurological disorders, including Parkinson's disease and schizophrenia. Additionally, it is employed in research settings to develop novel bioactive compounds and study their pharmacological activities.