Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its amine and ether functional groups make it suitable for use in the development of central nervous system agents, including potential antidepressants and stimulants. It also serves as a building block in the synthesis of more complex amine-containing compounds, where the benzyl group acts as a protecting group that can be removed under mild conditions. Commonly employed in medicinal chemistry for structure-activity relationship studies due to its structural similarity to phenethylamine derivatives.