Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of centrally acting agents such as serotonin and norepinephrine reuptake inhibitors. It serves as a key building block in the preparation of selective adrenergic and dopaminergic ligands. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in research settings to develop novel analogs for neurological and psychiatric disorder treatments.