This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and fine chemicals. It serves as a building block in the development of compounds with potential biological activity, particularly in the synthesis of substituted phenethylamines. Additionally, it is employed in the creation of complex molecules for research purposes, aiding in the study of chemical reactions and mechanisms. Its application extends to the field of material science, where it is used to modify or functionalize surfaces and polymers.