Used in pharmaceutical synthesis as an intermediate for developing bioactive compounds, particularly in the production of receptor agonists and antagonists targeting neurological disorders. Commonly employed in research related to central nervous system agents, including potential antipsychotic and antidepressant drugs. Its structure supports binding to various neurotransmitter receptors, making it valuable in medicinal chemistry for optimizing drug candidates. Also utilized in the development of radiolabeled derivatives for receptor binding studies.