Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and cardiovascular disorders. Its structure is valuable in developing molecules that interact with specific receptors in the brain, aiding in the treatment of conditions like anxiety, depression, and hypertension. Additionally, it is utilized in the creation of compounds with potential anti-inflammatory and analgesic properties, making it a significant component in medicinal chemistry. Researchers also explore its role in designing inhibitors for enzymes involved in disease pathways, contributing to advancements in therapeutic drug development.