This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of various bioactive molecules. It serves as a key intermediate in the production of compounds with potential therapeutic applications, such as antidepressants, anxiolytics, and other central nervous system (CNS) agents. Its structure, featuring both an amino and a hydroxyl group, allows for versatile chemical modifications, making it valuable in designing drugs targeting specific biological pathways. Additionally, it is utilized in organic synthesis to create complex molecules for studying biochemical interactions and drug efficacy. Its role in medicinal chemistry highlights its importance in advancing treatments for mental health disorders and other conditions.