Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of compounds targeting the central nervous system, where it can be incorporated into molecules designed to modulate neurotransmitter activity. Additionally, it finds application in the production of specialty chemicals, where its amine functionality allows for further chemical modifications to create complex organic molecules. In industrial settings, it is employed in the development of corrosion inhibitors and surfactants, leveraging its ability to interact with metal surfaces and alter interfacial properties.