Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of compounds targeting neurological disorders, such as antidepressants and antipsychotics, due to its structural similarity to neurotransmitters. Additionally, it finds application in organic synthesis for creating complex molecules with potential therapeutic properties. Its thiophene ring contributes to its utility in designing drugs with enhanced binding affinity and metabolic stability.