Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves as a building block for certain antipsychotic and antidepressant drugs due to its structural similarity to bioactive piperidine derivatives. Also employed in research settings for the preparation of novel receptor ligands, especially targeting dopamine and serotonin receptors. Its amine functionality allows for easy modification, making it valuable in medicinal chemistry for structure-activity relationship studies.