This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of certain drugs that target neurological and cardiovascular conditions. Its structural properties make it valuable for creating compounds with potential therapeutic effects, such as serotonin receptor modulators or adrenergic agents. Researchers also explore its use in designing molecules for treating mood disorders, hypertension, and other related ailments. Additionally, it may be employed in preclinical studies to evaluate pharmacokinetics and pharmacodynamics of new drug candidates.