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, especially those targeting neurological and psychiatric disorders. Its structural properties make it suitable for modifying and enhancing the pharmacological activity of therapeutic agents. Additionally, it may be employed in the study of receptor binding and drug metabolism due to its amine functional group, which is often critical for interactions with biological targets. Its application is also explored in the development of novel compounds for potential use in treating conditions like depression, anxiety, or other central nervous system-related disorders.