Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. It is particularly valuable in the development of compounds with psychoactive properties, often explored in research related to central nervous system disorders. Additionally, it is utilized in the synthesis of fine chemicals and specialty materials, contributing to advancements in medicinal chemistry and drug discovery. Its role in creating analogs of naturally occurring amines makes it significant in studying neurotransmitter pathways and receptor interactions.