This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Its structure serves as a key intermediate in creating compounds that interact with neurotransmitter systems, making it valuable for research in treating conditions like depression and anxiety. Additionally, it is employed in organic chemistry research for constructing complex molecules due to its reactive amino and ketone functional groups. Its applications also extend to material science, where it is used in the development of organic semiconductors and dyes.