This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of adrenergic agents that target the nervous system. It serves as a key intermediate in the production of medications designed to treat conditions such as nasal congestion, hypotension, and certain eye disorders by acting on alpha and beta-adrenergic receptors. Additionally, it finds application in organic chemistry research for the preparation of complex molecules, often contributing to the study of receptor interactions and drug efficacy. Its structural properties make it valuable in creating compounds with specific biological activities, aiding in the discovery and optimization of new therapeutic agents.