Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It plays a role in the creation of drugs targeting neurological disorders, such as anxiety and depression, due to its structural similarity to certain neurotransmitters. Additionally, it is utilized in research for designing molecules with potential antioxidant and anti-inflammatory properties. Its applications extend to organic chemistry, where it serves as a building block for complex chemical structures in drug discovery and development.