Used primarily in pharmaceutical research and development, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of compounds targeting specific biological pathways, often in the development of drugs for cardiovascular or neurological conditions. Additionally, it finds utility in the study of receptor binding and enzyme inhibition, aiding in the discovery of novel therapeutic agents. Its solubility properties make it suitable for formulation in both preclinical and clinical studies.