This chemical is primarily used in research settings as a precursor in the synthesis of various pharmacologically active compounds. It serves as a key intermediate in the development of certain psychoactive substances, particularly those related to phenethylamine derivatives. Researchers utilize it to study the structure-activity relationships of compounds that interact with neurotransmitter systems, such as serotonin and dopamine receptors. Additionally, it has been explored in the creation of potential therapeutic agents for neurological and psychiatric disorders. Its role is largely confined to laboratory environments, where it contributes to advancements in medicinal chemistry and drug discovery.