Used in pharmaceutical research as a key intermediate for synthesizing bioactive compounds, particularly in the development of central nervous system agents. Shows potential in the study of serotonin receptor modulators due to structural similarity to known psychoactive phenethylamines. Also employed in the preparation of fluorescent probes and heterocyclic compounds for medicinal chemistry applications. Investigated for its role in creating novel thiazole-based derivatives with antimicrobial and anticancer properties.