Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of drugs targeting neurological disorders, such as Parkinson's disease, due to its structural similarity to certain neurotransmitters. Additionally, it plays a role in the development of chiral compounds, where its enantiomeric purity is crucial for ensuring the efficacy and safety of the final drug product. Its application extends to preclinical studies, where it is utilized to explore potential therapeutic effects and optimize drug formulations.