N-Methyl 4-Methoxyphenethylamine is primarily used in research settings for studying its effects on neurotransmitter systems, particularly serotonin and dopamine. It serves as a reference compound in pharmacological studies to understand its interaction with receptors and potential psychoactive properties. Additionally, it is explored for its role in synthesizing analogs or derivatives for further biological activity testing. In some cases, it may be investigated for its potential use in developing therapeutic agents targeting neurological or psychiatric disorders. However, its applications remain largely confined to laboratory research and are not widely utilized in industrial or commercial contexts.