Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. Its structure allows it to act as a precursor in the synthesis of various bioactive molecules, including those with potential antidepressant or stimulant properties. Additionally, it finds application in the manufacture of dyes and pigments, where its amine group facilitates the formation of stable colorants. In research, it is employed in the study of neurotransmitter analogs due to its structural similarity to certain monoamine neurotransmitters.