Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of serotonin receptor modulators. It plays a key role in the production of certain antidepressants and antipsychotic drugs due to its structural similarity to active components that interact with central nervous system receptors. Its amine functionality allows for easy derivatization, making it valuable in medicinal chemistry for creating analogs during drug discovery. Also utilized in research settings to develop novel bioactive compounds targeting neurological disorders.