This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly those targeting the central nervous system. It serves as a key intermediate in the production of certain antidepressants and psychoactive drugs due to its structural similarity to neurotransmitters. Additionally, it is employed in the development of compounds with potential analgesic properties, making it valuable in pain management research. Its role in organic synthesis extends to the creation of complex molecules for studying biochemical pathways and receptor interactions.