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 the creation of molecules with dopaminergic or serotonergic activity, making it valuable in research for treating neurological disorders such as depression, anxiety, and Parkinson’s disease. Also employed in the preparation of selective receptor modulators due to its ability to mimic core heterocyclic motifs found in bioactive molecules. Its derivatives are explored in medicinal chemistry for optimizing drug potency and metabolic stability.