This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring a methoxy group and a methylamine moiety, makes it particularly valuable in the development of compounds with potential central nervous system activity. It is often employed in the synthesis of antidepressant and antipsychotic agents, where its ability to interact with neurotransmitter systems is crucial. Additionally, it finds application in the creation of novel chemical entities for research purposes, aiding in the exploration of new therapeutic targets. Its versatility in chemical reactions also makes it a useful building block in the design of complex molecules for medicinal chemistry.