This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It is explored for its potential as a bioactive molecule, particularly in the development of therapeutic agents targeting specific receptors or enzymes. Its structural features suggest possible applications in the treatment of neurological disorders, cardiovascular diseases, or inflammatory conditions. Researchers investigate its efficacy in modulating biological pathways, making it a candidate for drug discovery and development. Additionally, it may serve as a key intermediate in synthesizing more complex compounds with enhanced pharmacological properties. Its oxalate form ensures improved stability and solubility, facilitating its use in experimental studies and formulation processes.