This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activity. It is often investigated for its role as a precursor or intermediate in the synthesis of more complex molecules, particularly those targeting neurological or cardiovascular systems. Its structure suggests possible interactions with enzymes or receptors, making it a candidate for drug development studies. Researchers explore its efficacy in modulating specific biochemical pathways, which could lead to the discovery of new therapeutic agents. Additionally, it may be used in academic and industrial research to study structure-activity relationships, aiding in the optimization of drug candidates.