Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly those targeting tyrosine kinases involved in cancer cell signaling. Shows potential in the development of treatments for neurodegenerative diseases due to its structural similarity to neuroprotective agents. Also employed in the study of serotonin receptor modulators, aiding in the exploration of new antidepressant and anxiolytic drugs. Its amine functionality allows for easy derivatization, making it valuable in building compound libraries for high-throughput screening in drug discovery.