Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. It plays a role in the development of compounds with potential antidepressant or stimulant properties. Additionally, it is utilized in research settings to study neurotransmitter activity and receptor interactions, aiding in the understanding of neurological disorders. Its derivatives may also be explored for their therapeutic effects in treating conditions like Parkinson's disease or ADHD.