Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves as a structural scaffold in the design of compounds with potential antipsychotic, antidepressant, or anxiolytic activity. Its derivatives are explored for their ability to modulate neurotransmitter receptors, making them valuable in medicinal chemistry research. Additionally, it finds use in the preparation of kinase inhibitors and other bioactive molecules in drug discovery programs.