Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting the central nervous system, such as antidepressants and anxiolytics, due to its structural similarity to neurotransmitters. Additionally, it finds application in the study of receptor binding and enzyme inhibition, aiding in the discovery of new therapeutic agents. Its fluorophenyl group enhances binding affinity and metabolic stability, making it a useful building block in medicinal chemistry.