Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting neurological disorders, such as Parkinson's disease and epilepsy, due to its structural similarity to certain neurotransmitters. Additionally, it finds application in the creation of compounds with potential anti-inflammatory and analgesic properties. Its role in organic synthesis also extends to the production of heterocyclic compounds, which are crucial in medicinal chemistry for designing new therapeutic agents.