Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and central nervous system agents. Its structure supports the development of bioactive molecules due to the presence of both amine and hydroxyl functional groups, enabling diverse chemical modifications. Commonly employed in research settings for designing novel therapeutic compounds with enhanced selectivity and metabolic stability. Also utilized in the preparation of chiral building blocks for asymmetric synthesis, making it valuable in medicinal chemistry and drug development processes.