Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its structure allows for functionalization in the development of bioactive molecules. It is also employed in research settings for the synthesis of amine-based derivatives with potential activity in neurological or receptor-binding studies. Due to the naphthalene moiety, it may contribute to lipophilic properties in drug design, enhancing membrane permeability. Not intended for direct therapeutic use, it is handled as a building block in controlled laboratory environments.