This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and cardiovascular disorders. Its structural properties make it valuable for designing molecules that interact with specific biological receptors, aiding in the creation of more effective and targeted therapies. Additionally, it is employed in the study of enzyme mechanisms and metabolic pathways, contributing to a deeper understanding of biochemical processes. Its role in medicinal chemistry underscores its importance in advancing drug discovery and therapeutic innovations.