This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting cardiovascular and central nervous system disorders. Its unique structure allows it to act as a building block for more complex molecules, enhancing the efficacy and specificity of the final drug product. Additionally, it finds applications in research settings where it is used to study biochemical pathways and receptor interactions, aiding in the discovery of new therapeutic agents. Its role in these processes underscores its importance in advancing medical science and improving patient outcomes.