Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting cardiovascular diseases, where it aids in the creation of molecules that can regulate blood pressure and improve heart function. Additionally, it is employed in the synthesis of compounds with potential antioxidant properties, which are crucial in combating oxidative stress-related conditions. The chemical's unique framework also makes it a candidate for research in creating novel therapeutic agents for neurological disorders, offering a pathway to new treatments in this challenging field.