This chemical is primarily utilized in the synthesis of pharmaceuticals and organic compounds. It serves as a key intermediate in the production of various drugs, particularly those targeting neurological and cardiovascular conditions. Its structure allows for modifications that enhance the efficacy and specificity of active pharmaceutical ingredients. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic applications. In industrial settings, it may also be used in the formulation of specialty chemicals that require precise molecular structures for specific functions.