Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of selective receptor modulators. Its structure supports the creation of compounds with central nervous system activity, including potential antipsychotic and cognitive-enhancing drugs. The derivative's ability to cross the blood-brain barrier makes it valuable in neuropharmacology research. It is also employed in the preparation of bioactive molecules for studying neurological disorders such as schizophrenia and Alzheimer's disease.