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 structure is often incorporated into molecules designed to interact with specific receptors or enzymes in the body, enhancing therapeutic efficacy. Additionally, it is used in research to study the biochemical pathways and mechanisms of action of potential drug candidates, aiding in the discovery of new treatments for complex diseases.