This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring both an aminomethyl group and a benzo[b]thiophene moiety, makes it a versatile building block for developing compounds with potential biological activity. It has been explored in the development of drugs targeting neurological disorders, such as Alzheimer's disease, due to its ability to interact with specific enzymes or receptors in the brain. Additionally, it is investigated for its potential use in creating anti-inflammatory and analgesic agents, as the benzo[b]thiophene core is known to exhibit such properties. Researchers also study its derivatives for their potential anticancer activity, as modifications to the structure can enhance its ability to inhibit tumor growth. Overall, it serves as a critical component in the design and synthesis of novel therapeutic compounds.