This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various therapeutic agents, including those targeting neurological and cardiovascular disorders. Its structure is valuable for creating compounds with potential antidepressant or antihypertensive properties. Additionally, it is used in the study of biochemical pathways and receptor interactions, aiding in the discovery of new drugs. Its application extends to laboratory settings for analytical purposes, such as in the development of chromatographic methods for drug detection and quantification.