Used primarily in research and development, this compound is explored for its potential pharmacological properties. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting the central nervous system. Its structural features make it a candidate for studying neurotransmitter activity and receptor interactions. Additionally, it is investigated for its role in developing therapeutic agents for neurological disorders. In industrial settings, it may be utilized in the production of specialized chemicals requiring unique aromatic and amine functionalities.