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 psychoactive compounds and investigational neurochemicals due to the presence of the iodophenyl group, which can aid in radiolabeling or imaging studies. Also employed in medicinal chemistry research for structure-activity relationship (SAR) exploration of amine-based therapeutics.