This compound is primarily used in the field of medicinal chemistry and pharmacology. It serves as an intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular conditions. Its structure is valuable in the development of drugs that interact with dopamine receptors, making it relevant for treating disorders like Parkinson's disease and hypertension. Additionally, it is utilized in research to study the biochemical pathways involving catecholamines, aiding in the understanding of their role in the human body. Its applications also extend to the production of compounds with potential antioxidant properties, which are being explored for their therapeutic benefits in oxidative stress-related diseases.