This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure is often incorporated into compounds targeting central nervous system disorders, such as anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it has shown potential in the development of drugs for cardiovascular diseases, where its pharmacological properties can be tailored to modulate heart function and blood pressure. Researchers also explore its use in creating novel therapeutics for metabolic disorders, leveraging its chemical framework to enhance drug efficacy and stability. Its versatility makes it a valuable component in medicinal chemistry for designing new treatments across multiple therapeutic areas.