This chemical is primarily used in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target neurological and cardiovascular disorders. Its structure allows it to act as a building block for molecules that interact with specific receptors in the body, making it valuable in the development of medications for conditions like hypertension and anxiety. Additionally, it is utilized in research settings to explore new therapeutic agents and study biological pathways. Its versatility in organic synthesis also makes it a useful component in creating complex chemical structures for further investigation.