Used in pharmaceutical research as a precursor for synthesizing bioactive compounds, particularly in the development of central nervous system (CNS) drugs. It serves as a key intermediate in the production of molecules targeting neurological disorders such as depression, anxiety, and Parkinson's disease. Additionally, it is employed in organic synthesis to create complex structures for drug discovery and development. Its benzyloxy and methanamine groups make it versatile for modifications, enabling the creation of diverse therapeutic agents.