Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological and psychiatric disorders, such as anxiety and depression, due to its structural similarity to certain neurotransmitters. Additionally, it plays a role in the production of fluorinated compounds, which are often explored for their enhanced metabolic stability and bioavailability in medicinal chemistry. Its application extends to the study of enzyme inhibitors and receptor modulators, contributing to advancements in drug discovery and therapeutic development.