Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of ophthalmic drugs. It plays a key role in the production of alpha-2 adrenergic agonists, which are utilized to reduce intraocular pressure in patients with glaucoma. Due to its ability to cross the blood-ocular barrier efficiently, derivatives incorporating this compound are effective in minimizing aqueous humor production in the eye. It is also explored in research for central nervous system agents owing to its structural affinity for adrenergic receptors. Its stability and reactivity profile make it suitable for use in heterocyclic modifications during drug design.