Used primarily in pharmaceutical research, it serves as a building block for synthesizing various bioactive compounds. Its structure is valuable in developing potential drugs targeting neurological disorders, such as antidepressants or stimulants, due to its phenethylamine backbone. Additionally, it finds application in organic chemistry as an intermediate for creating fluorinated aromatic compounds, which are important in materials science and agrochemicals. Its unique properties make it a key component in exploring new chemical entities for therapeutic and industrial purposes.