This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target cardiovascular and neurological disorders. Its structure allows it to act as a precursor in the development of molecules that can interact with specific receptors in the body, making it valuable in medicinal chemistry. Additionally, it is employed in research settings to study the biochemical pathways and mechanisms of action of certain therapeutic agents. Its application extends to the development of novel treatments for conditions such as hypertension and anxiety, where modulation of neurotransmitter activity is crucial.