Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in the development of medications targeting cardiovascular diseases and hypertension. Additionally, it plays a crucial role in the production of certain antifungal and antibacterial agents, contributing to the treatment of infections. In research, it is utilized to study enzyme inhibition and receptor interactions, aiding in the discovery of new therapeutic compounds. Its versatility also extends to the field of organic synthesis, where it is employed to create complex molecules for further chemical exploration.