This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological and cardiovascular disorders. Researchers often employ it to create derivatives that exhibit potential as inhibitors for specific enzymes or receptors, contributing to the discovery of new therapeutic agents. Additionally, it has been explored in the design of ligands for studying biological pathways, aiding in the understanding of disease mechanisms and drug development processes.