Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and central nervous system agents. Its chiral structure makes it valuable in asymmetric synthesis for developing enantiomerically pure drugs. Also employed in research settings for developing novel bioactive molecules and receptor ligands, especially targeting serotonin and dopamine pathways. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its phenylalkylamine backbone.