Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological and cardiovascular disorders. Its structure allows for modifications that enhance binding affinity to specific biological targets, making it useful in the design of receptor agonists or antagonists. Additionally, it is employed in the preparation of compounds with potential anti-inflammatory and analgesic properties. Researchers also utilize it in studying enzyme inhibition mechanisms, aiding in the discovery of new therapeutic agents.