This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular diseases. It serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, making it valuable in the development of treatments for conditions like depression, anxiety, and hypertension. Additionally, it is employed in organic chemistry research for the creation of complex molecules with potential therapeutic applications. Its structural properties make it a versatile building block in medicinal chemistry, aiding in the design of novel drug candidates.