This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the preparation of compounds targeting neurological disorders, such as depression and anxiety, due to its structural similarity to pyridine derivatives known to interact with neurotransmitter systems. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways. Its methoxy and amine functional groups make it a versatile building block for modifying drug candidates to enhance their efficacy and selectivity.