This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, such as Parkinson's disease and other conditions related to dopamine regulation. Additionally, it serves as a building block in the creation of potential therapeutic agents for cardiovascular diseases due to its ability to interact with specific receptors in the cardiovascular system. Researchers also explore its use in the design of novel pharmaceuticals for pain management and inflammation, leveraging its unique chemical properties to enhance drug efficacy and selectivity.