This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of more complex molecules. It plays a crucial role in the development of active pharmaceutical ingredients (APIs), particularly in the creation of drugs targeting neurological disorders and cardiovascular diseases. Its structural framework is valuable for designing compounds with potential therapeutic effects, often serving as a building block in medicinal chemistry. Researchers leverage its reactivity to introduce functional groups that enhance drug efficacy and selectivity. Additionally, it is explored in the development of novel inhibitors and modulators for various biological targets, contributing to advancements in drug discovery and development.