Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds targeting central nervous system disorders. Shows potential in the development of serotonin receptor modulators, particularly for 5-HT1A and 5-HT2A receptors, which are relevant for treating depression, anxiety, and schizophrenia. Also explored for its role in enhancing cognitive function and neuroprotection in preclinical studies. Its structural features support blood-brain barrier penetration, making it valuable in designing CNS-active drugs.