This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular disorders. Its unique structure allows it to act as a precursor in the creation of molecules that can interact with specific receptors or enzymes in the body, potentially leading to the development of new therapeutic drugs. Additionally, it is explored in research for its potential role in designing inhibitors or modulators for biological pathways, contributing to advancements in treating complex diseases.