Used in pharmaceutical synthesis as a building block for bioactive molecules, particularly in the development of central nervous system agents. Its furan ring and amine functionality make it valuable in medicinal chemistry for creating analogs with enhanced metabolic stability and receptor selectivity. Also employed in agrochemical research for designing novel pesticides and herbicides due to its heterocyclic structure, which can improve binding to biological targets. Serves as an intermediate in asymmetric synthesis, enabling the production of enantiomerically pure compounds. Its reactivity allows for easy derivatization, supporting use in combinatorial chemistry and high-throughput screening libraries.