Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of hydrazine-based drugs. It serves as a building block in the preparation of certain antidepressants and antihypertensive agents due to its ability to form stable hydrazone derivatives. Its propoxybenzyl structure enhances lipophilicity, improving cell membrane permeability in drug candidates. Also employed in the creation of bioactive molecules for research in medicinal chemistry, especially in studies involving monoamine oxidase inhibitors.