Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its structure allows for the development of bioactive molecules, particularly in the design of central nervous system agents. It is also employed in the synthesis of dyes and fluorescent probes due to the naphthalene moiety’s strong chromophoric properties. Additionally, it finds use in research settings for developing novel amine-based catalysts and ligands for metal complexes.