Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological and cardiovascular disorders. Its structure allows for modifications that can enhance the efficacy and selectivity of therapeutic agents. Additionally, it is employed in the preparation of chiral compounds, aiding in the production of enantiomerically pure substances, which are crucial for reducing side effects and improving drug performance. Researchers also utilize it in the study of receptor-ligand interactions, helping to design more effective and targeted treatments.