This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, particularly those related to neurotransmitter regulation. Its structural properties make it suitable for modifying and enhancing the efficacy of therapeutic agents, especially in the treatment of conditions like depression, anxiety, and other mental health disorders. Additionally, it is employed in research settings to study the biochemical pathways associated with amino acid derivatives and their impact on cellular functions.