Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and antidepressants. It serves as a building block for compounds with biological activity due to its amine and ether functionalities, enabling the formation of more complex molecules. Also utilized in the preparation of functionalized ligands for medicinal chemistry research and in the design of drug candidates targeting neurological disorders. Its structure allows for easy modification, making it valuable in structure-activity relationship (SAR) studies.