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 binding to neurotransmitter receptors, making it valuable in the research of antidepressants and antipsychotic drugs. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to modulate lipophilicity and bioavailability in drug candidates. Also utilized in the preparation of fluorinated analogs to enhance metabolic stability and receptor selectivity.