Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antihypertensive agents. It plays a role in the preparation of angiotensin II receptor antagonists, which are important for treating high blood pressure and related cardiovascular conditions. The compound's structure allows for functional modifications that enhance binding affinity to biological targets, making it valuable in medicinal chemistry research. It is also utilized in the optimization of drug candidates due to its favorable metabolic stability and lipophilicity profile.