This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting the central nervous system, including antidepressants and anxiolytics, due to its structural similarity to neurotransmitters. Additionally, it is used in research settings to study receptor interactions and develop compounds with potential therapeutic effects. Its fluorinated aromatic ring and methoxy group contribute to its bioactivity, making it a versatile building block in medicinal chemistry.