Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves in the preparation of selective receptor modulators, including those targeting serotonin and dopamine pathways. Its structural features allow for functionalization in heterocyclic chemistry, making it valuable in medicinal chemistry for optimizing drug candidates. Commonly employed in research settings to build complex molecules with potential antipsychotic, antidepressant, or anxiolytic activity.