This chemical is primarily utilized in the pharmaceutical and research sectors. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and cardiovascular systems. Its structure makes it valuable in the development of receptor ligands and enzyme inhibitors, aiding in the study of disease mechanisms and drug discovery. Additionally, it is employed in organic synthesis to create complex molecules for medicinal chemistry applications. Its versatility and reactivity make it a useful building block in designing novel therapeutic agents.