Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of selective receptor modulators, including those targeting serotonin and dopamine receptors. Commonly employed in research for antipsychotic and antidepressant drug candidates. Also utilized in the preparation of high-affinity ligands for neuroreceptor studies due to its favorable binding properties and metabolic stability.