Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structural framework supports the creation of selective receptor modulators, especially for neurological targets such as serotonin and dopamine receptors. The presence of the hydroxyethyl group allows for further functionalization, enabling the formation of esters or ethers to fine-tune pharmacokinetic properties. The Boc-protected amine facilitates controlled deprotection and coupling in multi-step syntheses, making it valuable in medicinal chemistry for building complex, bioactive molecules.