This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active compounds, particularly those targeting neurological and cardiovascular systems. Its structure is advantageous in the development of novel drug candidates due to its ability to interact with specific enzymes and receptors. Additionally, it is employed in the synthesis of complex molecules for studying biochemical pathways and drug metabolism. Researchers also explore its potential in creating new materials with unique properties for industrial applications.