This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its structure, featuring both amino and phenyl groups, makes it a valuable building block for creating molecules that interact with specific receptors in the brain, such as those involved in dopamine or serotonin pathways. Additionally, it is explored in the development of peptide-based therapies and as a precursor for designing compounds with potential anti-inflammatory or antioxidant properties. Its applications also extend to research in biochemistry, where it is used to study enzyme interactions and protein modifications.