This compound is primarily utilized in pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. It is particularly significant in the development of compounds targeting central nervous system disorders, such as anxiety, depression, and schizophrenia, due to its structural similarity to azepine derivatives known for their psychoactive properties. Additionally, it serves as a building block in the creation of potential therapeutic agents for cardiovascular diseases, leveraging its ability to modulate specific receptor pathways. Its application extends to medicinal chemistry, where it is employed in the design and optimization of drug candidates with enhanced efficacy and reduced side effects.