Used in organic synthesis as a building block for the preparation of various pharmaceuticals and bioactive compounds. It serves as an intermediate in the development of drugs targeting neurological disorders due to its structural similarity to certain neurotransmitters. Also employed in the creation of ligands for metal coordination complexes, which are utilized in catalysis and material science. Its bromine atom makes it a useful precursor for further functionalization through cross-coupling reactions, enabling the synthesis of more complex molecules.