Used primarily in the synthesis of pharmaceutical intermediates, this compound serves as a key building block in the development of central nervous system (CNS) active agents. Its structure allows for modification into bioactive molecules, particularly those targeting serotonin and dopamine receptors. It has been explored in research related to anxiolytic and antipsychotic drug development due to the presence of the methoxyphenyl group, which is commonly found in neuroactive compounds. Additionally, its amine functionality enables coupling reactions for creating libraries of derivatives in medicinal chemistry research.