Used as an intermediate in the synthesis of various pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for drugs targeting cardiovascular and central nervous system disorders. It plays a role in the development of chiral compounds, aiding in the creation of enantiomerically pure substances for therapeutic use. Additionally, it is employed in research and development for studying enzyme inhibition and receptor binding activities. Its application extends to the fine chemicals industry, where it is utilized in the preparation of specialty chemicals and complex organic molecules.