This compound is primarily utilized in the field of organic synthesis, where it serves as an intermediate in the production of various pharmaceuticals. Its structure makes it valuable for the development of compounds with potential central nervous system activity, particularly in the synthesis of stimulants or appetite suppressants. Additionally, it has been explored in research settings for its potential use in studying neurotransmitter systems, particularly those involving dopamine and norepinephrine, due to its structural similarity to certain psychoactive substances. However, its applications are strictly regulated due to its potential for misuse and its controlled substance status in many jurisdictions.