This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring an amino group and an iodophenyl moiety, makes it valuable for developing ligands that interact with specific receptors in the brain. Additionally, it is employed in the preparation of radiolabeled compounds for imaging studies, aiding in the investigation of biochemical pathways and drug distribution in the body. Its chiral nature also allows for the study of enantioselective interactions in drug development.