Used primarily in organic synthesis as an intermediate for pharmaceuticals and psychoactive compounds. It serves as a precursor in the preparation of certain substituted amphetamines and phenethylamines, which are studied for their neurological effects. Due to structural properties, it is also utilized in research settings to develop compounds with potential activity on central nervous system receptors. Its derivatives may have applications in the development of hallucinogens or entheogens for experimental psychiatry, though such uses remain highly regulated and restricted. Not intended for human consumption and handled mainly in controlled laboratory environments.