This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific biological pathways, particularly in the treatment of cardiovascular and central nervous system disorders. Its unique structure allows it to act as a key building block in creating molecules with enhanced efficacy and selectivity. Additionally, it is employed in research settings for the development of novel therapeutic agents, aiding in the exploration of new drug candidates and their potential applications in medicine.