Used primarily in pharmaceutical research, this compound acts as a precursor or intermediate in the synthesis of various bioactive molecules. It is particularly relevant in the development of compounds targeting the central nervous system, where its structural properties are leveraged to modulate receptor activity. Additionally, it finds application in the study of serotonin and dopamine pathways, aiding in the exploration of treatments for neurological and psychiatric disorders. Its methoxybenzyl group contributes to its binding affinity, making it valuable in drug discovery and medicinal chemistry.