Used in the synthesis of pharmaceutical intermediates, particularly in the development of central nervous system agents. It serves as a building block for certain antidepressants and antipsychotic compounds due to its structural similarity to biologically active phenethylamines. Also employed in the preparation of agrochemicals and specialty polymers where amine functionality is required for crosslinking or catalytic purposes. Its aromatic and amine groups make it suitable for use in organic transformations such as reductive amination and Schiff base formation.