This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring both acetyl and amino functional groups, makes it a versatile building block for the development of drugs targeting neurological and psychiatric disorders. It is often employed in the creation of compounds that interact with neurotransmitter systems, particularly those involving dopamine and serotonin receptors. Additionally, it serves as a precursor in the production of small molecules with potential therapeutic applications in treating conditions such as depression, anxiety, and Parkinson’s disease. Its role in medicinal chemistry is significant due to its ability to enhance the pharmacokinetic properties of drug candidates.