This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of antihypertensive drugs. It serves as a key intermediate in the production of compounds that target the renin-angiotensin system, which plays a crucial role in regulating blood pressure. Additionally, it is employed in organic synthesis for creating complex molecules with potential therapeutic applications. Its stability and reactivity make it a valuable building block in medicinal chemistry, aiding in the discovery and optimization of new drug candidates.