This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of complex organic compounds. It plays a crucial role in the development of active pharmaceutical ingredients (APIs), particularly in the creation of compounds targeting neurological and cardiovascular disorders. Its structural framework is valuable in designing molecules with potential therapeutic effects, often serving as a building block in medicinal chemistry. Additionally, it is employed in research settings to explore novel drug candidates, aiding in the optimization of drug efficacy and safety profiles.