Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) modulators. Its structure supports binding to neurotransmitter receptors, making it valuable in creating compounds that target neurological disorders such as anxiety, depression, and epilepsy. Commonly employed in medicinal chemistry for scaffold modification to enhance drug potency and selectivity. Also utilized in research settings to develop novel psychoactive substance analogs for pharmacological evaluation.