Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents. It plays a role in the production of certain antihypertensive and psychoactive drugs due to its structural similarity to bioactive isoquinoline alkaloids. Its derivatives are explored for dopamine and serotonin receptor modulation, making it valuable in research on neurological disorders. Also utilized in the preparation of compounds with potential anti-inflammatory and analgesic properties.