This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds that target neurological and cardiovascular systems. Its structure is valuable in designing drugs that interact with specific receptors or enzymes, potentially leading to treatments for conditions like hypertension, anxiety, or depression. Additionally, it is explored in the development of novel therapeutic agents due to its potential to modulate cellular pathways. Researchers also utilize it in studying structure-activity relationships to optimize drug efficacy and safety.