This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the production of compounds that exhibit potential therapeutic effects, particularly in the treatment of neurological disorders and cardiovascular diseases. Additionally, it is used in the development of novel drugs targeting specific enzymes or receptors, contributing to advancements in medicinal chemistry. Its structural properties make it valuable for creating derivatives with enhanced biological activity and selectivity, aiding in the discovery of new drug candidates.