This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of compounds that target neurological disorders, such as epilepsy and depression, due to its structural similarity to neurotransmitters. Additionally, it is employed in the creation of chiral building blocks for asymmetric synthesis, which are critical in developing enantiomerically pure drugs. Its bromophenyl group makes it a valuable component in cross-coupling reactions, enabling the construction of complex organic molecules for medicinal chemistry applications.