Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and antidepressants. Its structure supports the creation of bioactive molecules due to the presence of both amine and phenolic functional groups. Commonly employed in medicinal chemistry for constructing fluorinated analogs to enhance metabolic stability and blood-brain barrier penetration. Also utilized in the preparation of selective serotonin reuptake inhibitors (SSRIs) and related neuroactive compounds.