This chemical is primarily used in organic synthesis as an intermediate in the production of more complex compounds. It is often employed in the pharmaceutical industry for the development of drugs, particularly those targeting neurological and cardiovascular systems. Its structure allows it to act as a building block in the creation of molecules with specific biological activities. Additionally, it finds application in research settings for the study of enzyme inhibitors and receptor modulators, aiding in the discovery of new therapeutic agents. Its versatility in chemical reactions makes it valuable for constructing tailored molecular architectures in medicinal chemistry.