This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular diseases. It serves as a key intermediate in the production of drugs that act on receptors in the brain, aiding in the treatment of conditions such as depression and anxiety. Additionally, it is employed in the development of antihypertensive agents, which help manage high blood pressure. Its structural properties make it valuable in organic synthesis, often used to create complex molecules for research and industrial applications. In material science, it contributes to the design of advanced polymers and coatings with specific functional properties.