This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of compounds with potential therapeutic effects. It serves as a key building block in the creation of molecules that may exhibit activity in the central nervous system, such as adrenergic or serotonin receptor modulators. Additionally, it is employed in research settings to study the structure-activity relationships of bioactive molecules, aiding in the design of new drugs. Its methoxy and amino functional groups make it a versatile reagent in organic synthesis, enabling the formation of complex chemical structures.