Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators, particularly targeting 5-HT1A and 5-HT2A receptors. It plays a role in developing compounds for neurological and psychiatric disorders such as depression, anxiety, and schizophrenia. Its structural features support binding affinity and selectivity in central nervous system agents. Also employed in the preparation of analogs for structure-activity relationship studies in drug discovery.