Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active agents. Its chiral amine structure makes it valuable in asymmetric synthesis for producing enantiomerically pure drugs. Commonly utilized in the preparation of psychotropic compounds and dopamine-related neurotransmitter analogs. Also employed in radiolabeling studies due to the presence of iodine, enabling use in imaging and receptor binding assays.