Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and neurotransmitter analogs. Its structure supports the creation of bioactive molecules due to the presence of both amine and ether functional groups, which enhance binding affinity and solubility. Commonly employed in the preparation of neuroprotective compounds and serotonin receptor modulators. Also utilized in research settings for labeling and conjugation in biochemical assays, where its reactivity allows for easy attachment to probes and sensors.