Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure is particularly valuable in the development of compounds targeting the central nervous system, such as potential antidepressants or stimulants. Additionally, it is employed in research settings for studying neurotransmitter analogs and receptor interactions due to its similarity to phenethylamine derivatives. Its fluorinated structure also makes it useful in the synthesis of fluorinated drugs, enhancing metabolic stability and bioavailability.