Used in pharmaceutical research as a key intermediate for synthesizing various bioactive compounds. It plays a role in developing drugs targeting neurological disorders, including Alzheimer’s disease, due to its structural similarity to neurotransmitters. Additionally, it is utilized in the production of peptide-based therapeutics, where it acts as a building block for modifying peptide structures to enhance their stability and efficacy. In organic chemistry, it serves as a precursor for creating complex heterocyclic compounds, which are valuable in medicinal chemistry and material science. Its applications also extend to agrochemical research, where it is explored for developing novel pesticides and herbicides.